Offers over
£950,000
(£60.55/sq. ft)
Industrial for saleQueensway Trading Estate, 2 Dock Road, Widnes WA8
15,689 sq. ft
About this property
Comprising approximately 16,000 sq ft of mixed-use industrial accommodation.
Generating an income of £82,771 per annum.
Low average rent on the estate of £5.98 per sq. Ft. Potential to uplift the management of the estate and rental tone.
Located in Widnes with excellent access to the M57, M6, M62 Motorway
The site comprises of 5 Industrial Units and Queensway House which is an office building that has just undergone a light refurbishment.
Seeking offers in excess of £950,000 (Nine Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
A purchase as this level reflects a Net Initial Yield of 8.24%, a Reversionary Yield of 11.72%
Overall capital value of £60.55 per sq ft, assuming purchasers costs of 5.69%.
Estimated Rates Payable: £44713.65
Queensway Trading Estate is a multi-let industrial estate, comprising 5 industrial units, and one office. The buildings are positioned in the centre and eastern fringe of the estate with the perimeter used for parking and access. There are 3 access points to the site, the main access is provided from Dock Road (north), followed by two separate access points on W Bank Road (east).
The property provides a mix of accommodation from brick-built to clad warehouse.
Location
Queensway Trading Estate is located on Dock Road, Widnes. The site is prominently located at the bottom of Waterloo Road, which in turn leads to the slipway that takes you to the Jubilee Bridge. The Queensway runs south over the river Mersey towards Runcorn and further afield to Cheshire. Heading north from the property along Waterloo Road leads to the Queensway northbound and in turn Ashley Way and Watkins Way which connects to junction 7 of the M62 and the wider northwest motorway network.
Viewings
Please contact or to organise a viewing.
Terms
Freehold: CH274934
Specifications
Mixed use estate offering 5 industrial units and 1 office. There are a mix of brick built and clad buildings, mostly concrete frames. Eaves heights range from 2.8m to 5.1m. Three phase is available on site.
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£4,752 per month
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