£715,000
(£91.67/sq. ft)
Property for saleUnit 1, Kingfisher Business Park, Widnes WA8
7,800 sq. ft
Freehold
About this property
Dedicated Secure Yard
Steel Portal Frame
Rental Growth Potential
10 Year Lease
Trade Based Occupier
Popular Location
Low Capital Rate
Potential to Extend
Description
We are delighted to offer for sale a rare opportunity to acquire this well let freehold industrial investment.
We are advised that the property is let Delta Cash and Carry ltd with a rental deposit and Personal Guarantee on the following lease terms:-
10 year lease from November 2021 with a tenant only option to break and rent review at the end of the 5th year.
Current Rent: £51,000 per annum.
Full Repairing and Insuring Lease.
We are of the opinion that the rental value should be in the region of £60,000 per annum and this can be achieved in November 2026.
The unit is semi-detached and benefits from a fenced and gated yard and parking to the front.
Location
Unit 1 Kingfisher Business Park is located within the Widnes Waterfront regeneration zone, approximately 3 miles from Junction 7 of the M62 and Junction 12 of the M56, to the east of Widnes Town Centre.
This is a much improved location, Marshall have recently completed a scheme of new large warehouses opposite and the well-regarded Heron Business Park is adjacent.
Specification
*Loading door 4m high
*3 phase electricity
*Internal office accommodation
*Dedicated yard with perimeter fencing
*Dedicated loading yard
Asking Price
£715,000 exclusive of VAT, togc may apply.
Tenure
Freehold.
VAT
We are advised that VAT is applicable to the property.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, two forms of Identification and confirmation of the source of funding will be required from the successful purchaser.
Yield & Analysis
A purchase at the above asking price presents and net initial yield of 6.75% and a reversionary yield of 8%, allowing for purchaser's costs at 5.6%. It also represents a competitive capital rate of just £91.67 per ft2.
We are delighted to offer for sale a rare opportunity to acquire this well let freehold industrial investment.
We are advised that the property is let Delta Cash and Carry ltd with a rental deposit and Personal Guarantee on the following lease terms:-
10 year lease from November 2021 with a tenant only option to break and rent review at the end of the 5th year.
Current Rent: £51,000 per annum.
Full Repairing and Insuring Lease.
We are of the opinion that the rental value should be in the region of £60,000 per annum and this can be achieved in November 2026.
The unit is semi-detached and benefits from a fenced and gated yard and parking to the front.
Location
Unit 1 Kingfisher Business Park is located within the Widnes Waterfront regeneration zone, approximately 3 miles from Junction 7 of the M62 and Junction 12 of the M56, to the east of Widnes Town Centre.
This is a much improved location, Marshall have recently completed a scheme of new large warehouses opposite and the well-regarded Heron Business Park is adjacent.
Specification
*Loading door 4m high
*3 phase electricity
*Internal office accommodation
*Dedicated yard with perimeter fencing
*Dedicated loading yard
Asking Price
£715,000 exclusive of VAT, togc may apply.
Tenure
Freehold.
VAT
We are advised that VAT is applicable to the property.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, two forms of Identification and confirmation of the source of funding will be required from the successful purchaser.
Yield & Analysis
A purchase at the above asking price presents and net initial yield of 6.75% and a reversionary yield of 8%, allowing for purchaser's costs at 5.6%. It also represents a competitive capital rate of just £91.67 per ft2.
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