Expressway Business Park - Investment Opportunity

St Asaph Road, Bodelwyddan

Size: 39,165 SQ.FT.
on a site area of 2.81 acres

Key Features

• Reversionary investment opportunity
• Located in an established industrial estate
• Self-contained industrial / warehouse and office facility totalling approximately 39,165 sq ft (3,638.6 sq m)
• Site area of approximately 2.81 acres (1.14 hectares)
• The property is leased to Carlsberg Marston’s Brewing Company Ltd for a term of 35 years, expiring 18th September 2029
• The property has been sublet to Plastecowood until 17th September 2029
• Current annual rental of £150,000 per annum equates to a low passing rent of £3.83 per sq ft. Rent review outstanding.
• Estimated rental value of £5.00 per sq ft
• Offers are sought in the region of £2,200,000 (Two Million, Two Hundred Thousand Pounds) subject to contract and exclusive of VAT.
• A purchase at this level reflects a Net Initial Yield of 6.41% after costs, and a reversionary yield of 8.37% after costs, which equates to £56.17 per sq ft.