Guide price
£3,000,000
(£70.97/sq. ft)
Industrial for saleGlendale Avenue, Sandycroft Industrial Estate, Deeside CH5
42,270 sq. ft
About this property
Fully let industrial investment opportunity
Leased to Parker Hannifin Manufacturing Ltd
Dun & Bradstreet Rating of 5A1
Fully let industrial investment
Located in an established industrial estate, 6 miles from the M56 Motorway
Self-contained industrial / warehouse and office facility totalling approximately 42,270 sq ft (3,927 sq m)
Site area of approximately 2.04 acres (0.83 hectares)
Leased to Parker Hannifin Manufacturing Ltd who has a Dun & Bradstreet Rating of 5A1
The tenant has extended their occupation by way of lease renewal for a period of 5 years commencing 4th February 2024 contracted inside the Security of Tenure Provisions of the lta 1954
Current annual rental of £253,620 per annum equates to a low passing rent of £6.00 per sq ft
Potential estimated rental value of £8.00 per sq ft
Offers are sought in excess of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT
A purchase at this level reflects a Net Initial Yield of 7.94%, after costs, which equates to £70 per sq ft
Located in an established industrial estate, 6 miles from the M56 Motorway
Self-contained industrial / warehouse and office facility totalling approximately 42,270 sq ft (3,927 sq m)
Site area of approximately 2.04 acres (0.83 hectares)
Leased to Parker Hannifin Manufacturing Ltd who has a Dun & Bradstreet Rating of 5A1
The tenant has extended their occupation by way of lease renewal for a period of 5 years commencing 4th February 2024 contracted inside the Security of Tenure Provisions of the lta 1954
Current annual rental of £253,620 per annum equates to a low passing rent of £6.00 per sq ft
Potential estimated rental value of £8.00 per sq ft
Offers are sought in excess of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT
A purchase at this level reflects a Net Initial Yield of 7.94%, after costs, which equates to £70 per sq ft
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