Property Listing Details

commercial property - Office

Parkway Business Centre Deeside Industrial Park, CH5 2LE

  • 16-Oct-2024

£1,545,000

Property details

Description

Overview 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 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%

The Agent

Price history

16-Oct-2024 £1,545,000 First listed

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