Investment Properties: Unit D, Plot 2a, Tenth Avenue, Deeside Industrial Park, Deeside CH5 2UA
Unit D, Plot 2a, Tenth Avenue, Deeside Industrial Park, Deeside CH5 2UA
We are instructed to seek offers in excess of £680,000 - Freehold
- Located on one of the largest and mostimportant industrial & distribution parks in theNorth West of England.
- Modern industrial warehouse constructed in2006.
- The property comprises 8,059 sq ft / 748.71 sq m.
- Freehold (site area of 0.55 acres / 0.22 hectares).
- Let to Ice and Easy Limited.
- Lease guaranteed by Iceland Foods Limited –Turnover £3 billion.
- 7.6 years unexpired lease term with no breaks.
- The current rental income is £50,000 per annumreflecting £6.20 per sq ft.
- Iceland’s headquarters’ are located under 1 milefrom the subject property.
- We are instructed to seek offers in excess of £680,000 (Six hundred and eighty thousandpounds), subject to contract.
- This reflects a Net Initial Yield of 7.0% based onpurchasers’ costs of 5.26% and a Capital Value of£84.38 per sq ft.