Investment Properties: Unit D, Plot 2a, Tenth Avenue, Deeside Industrial Park, Deeside CH5 2UA

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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.