Dechra Pharmaceuticals Plc, Cheshire Business Park, Cheshire Avenue, Lostock Gralam, Northwich
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- Traditional office
- Capacity
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- Desks
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No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
Key features
- • Global pharmaceutical headquarters occupier
- • Freehold asset
- • 6.5 years income
- • Low-risk covenant with strong credit metrics
- • Strategically important occupational location
- • Institutional-grade lease structures
- • Low management intensity
Description
freehold office building forming
the worldwide headquarters campus
of Dechra Pharmaceuticals Limited,
a global specialist veterinary
pharmaceuticals group
The property is prominently
situated on Cheshire Business Park,
an established commercial location to the
south of Northwich with excellent access
to the regional motorway network and
Manchester Airport
• 24 Cheshire Avenue is a modern office
building of 3,080 sq ft
• Let in its entirety to Dechra
Pharmaceuticals Limited on institutional
Full Repairing and Insuring leases
expiring until 26 July 2032 (6.5
years term certain)
• Total rent passing of £54,441
per annum
• Dechra was recently sold in a major “take
private” deal, acquired by a consortium
led by EQT and the Abu Dhabi Investment
Authority for £4.46 billion
• Dechra Pharmaceuticals Limited is rated
“Very Low Risk” by Experian
Offers in excess of £740,000 (Seven Hundred and Forty
Thousand Pounds) subject to contract and exclusive of VAT. A
purchase at this level would reflect a Net Initial Yield of 7.00%
after purchaser’s costs.
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
- Floors in building
- 2
- Business for sale
- No
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Dechra Pharmaceuticals Plc, Cheshire Business Park, Cheshire Avenue, Lostock Gralam, Northwich
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