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Expressway Business Park, St Asaph Road, Bodelwyddan, LL18

Offers in Region of
£2,200,000

£56.17 per sq ft

Business rates & charges may apply

DAVIES HARRISON LIMITED, Manchester
SIZE AVAILABLE

39,165 sq ft

3,639 sq m

SECTOR

Warehouse for sale

Site plan
1

Key features

  • Reversionary Investment Opportunity
  • Located in an established industrial estate
  • Self-contained industrial / warehouse and office facility totalling approximately 39,165 sq ft (3,638.6 sq m)
  • The property is leased to Carlsberg Marston's Brewing Company Ltd for a term of 35 years, expiring 18th September 2029
  • Current annual rental of £150,000 per annum equates to a low passing rent of £3.83 per sq ft. Rent review outstanding.
  • Estimated rental value of £5.00 per sq ft
  • Offers are sought in the region of £2,200,000 (Two Million, Two Hundred Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects a Net Initial Yield of 6.41% after costs, and a reversionary yield of 8.37% after costs, which equates to £56.17 per sq ft.

Description

Reversionary Investment Opportunity
Located in an established industrial estate
Self-contained industrial / warehouse and office facility totalling approximately 39,165 sq ft (3,638.6 sq m)
Site area of approximately 2.81 acres (1.14 hectares)
The property is leased to Carlsberg Marston's Brewing Company Ltd for a term of 35 years, expiring 18th September 2029
The property has been sublet to Plastecowood until 17th September 2029
Current annual rental of £150,000 per annum equates to a low passing rent of £3.83 per sq ft. Rent review outstanding.
Estimated rental value of £5.00 per sq ft
Offers are sought in the region of £2,200,000 (Two Million, Two Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 6.41% after costs, and a reversionary yield of 8.37% after costs, which equates to £56.17 per sq ft.

Brochures

Expressway Business Park, St Asaph Road, Bodelwyddan, LL18

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Abergele & Pensarn Station3.3 miles
  • Rhyl Station3.6 miles
  • Prestatyn Station6.5 miles

About DAVIES HARRISON LIMITED, Manchester

The Mission, 2nd Floor, 50 Bridge Street, Manchester M3 3BW

Davies Harrison is a leading North West property consultancy specialising in the industrial / distribution sector providing strategic, informed advice on all aspects of sales, leasing and investment agency to landlords and occupiers regionally and nationally.

Established in 2003, the Manchester based practice comprises a partner led team with over 50 years combined unrivalled property experience and has been involved in some of the region's most high profile and significant deals.

The team's proactive, no nonsense and entrepreneurial approach to deal making means that clients enjoy working with Davies Harrison time and time again and are confident that they will always receive an exceptional level of service

Notes

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Disclaimer - Property reference Bodelwyddan. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by DAVIES HARRISON LIMITED, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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