Commercial property for sale in Parkway Business Centre, Deeside Industrial Park, Deeside, Flintshire CH5

Offers over £1,545,000 (£78.53/sq. ft)
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Commercial property for sale

19,673 sq. ft*

Property features

  • High yielding multi-let Business Park investment
  • Recently refurbished
  • Dedicated car parking 80 spaces
  • Located at the heart of Deeside Industrial Park
  • Low capital value of £79 psf
  • Opportunities for asset management
  • Niy 11.05%

Property description

High yielding multi-let office investment on the established Deeside Industrial Park

Located on Deeside Industrial Park - one of the premier business locations in N Wales
Fronting Parkway - the main arterial route through the estate
19,673 sq ft across 10 units
Multi-let to 4 tenants including Booker (47% of income)
Passing rent of £181,141 per annum reflecting a low rate of £9.21 psf
1.15 acre site with the potential for future redevelopment/ alternative uses
Freehold.

We are quoting £1,545,000 (One Million Five Hundred and Forty-Five Thousand Pounds) which reflects;

Net initial yield of 11.05%,
Reversionary yield of 11.68%
Low capital value of £79 psf.

Awult of c.2.08 years to expiry and c.1.34 years to break

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Legat Owen, CH1 on +44 1244 725429 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Legat Owen, and do not constitute property particulars. Please contact Legat Owen for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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