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Parkway Business Centre, Deeside Industrial Park, Deeside, Flintshire, CH5 2LE

Offers in Excess of
£1,545,000

£78.53 per sq ft

Business rates & charges may apply

Legat Owen, Chester
SIZE AVAILABLE

19,673 sq ft

1,828 sq m

SECTOR

Commercial property for sale

Key features

  • High yielding fully let Business Park investment
  • AWULT to expiry of c.3.07 years and c.2.80 years to break.
  • Extensive parking
  • Located at the heart of Deeside Industrial Park
  • Low capital value of £79 psf
  • Opportunities for asset management
  • £1,545,000 +
  • £79 psf capital value
  • NIY 11.53%

Description

High yielding 100% 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
100% let to 5 tenants including Booker Limited (37% of income)
Passing rent of £189,578 per annum reflecting £9.64 psf
AWULT to expiry of c.3.07 years and c.2.80 years to break.
Established ERV of £10 psf
1.15 acre site with the potential for future redevelopment/ alternative uses
Freehold.

We are instructed to seek offers in excess of £1,545,000 (One Million Five Hundred and Forty Five Thousand Pounds)
subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 11.53% and a Low Capital Value of £79 per sq ft, assuming standard
purchasers low costs of 6.36%.

Parkway Business Centre, Deeside Industrial Park, Deeside, Flintshire, CH5 2LE

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hawarden Bridge Station1.0 miles
  • Shotton Station1.4 miles
  • Hawarden Station3.0 miles

About Legat Owen, Chester

Albion Street, Chester, CH1 1RQ

Legat Owen is a multi-disciplinary, general practice firm of Chartered Surveyors established in 1986 with a head office in Chester.

We offer a full range of services including agency (industrial, office, retail/roadside/leisure, investment & land/development), property management, landlord & tenant, valuation, building surveying, development consultancy and rating. As a multi-disciplinary commercial property consultant, departments work alongside one another to provide a full complement of services to our clients as required.

Geographically, the practice acts across the whole of the UK with particular emphasis on the North West of England and Wales.

For the future, the company will continue to concentrate on its core strengths of delivering expert property advice on a personalised basis.

As a testament to these values, the Directors and staff are proud of the fact that we are still involved with many of the clients for whom we first acted for nearly forty years ago.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5504FH. 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 Legat Owen, Chester. 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.

Map data ©OpenStreetMap contributors.

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