Industrial Investment
Summary
- Dedicated Secure Yard
- Steel Portal Frame
- Rental Growth Potential
- 10 Year Lease
- Trade Based Occupier
- Popular Location
- Low Capital Rate
- Potential to Extend
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Unit | 7,800 | 724.64 |
| Total | 7,800 | 724.64 |
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.
Get directions from Google Maps
Mainline Stations
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Widnes26 mins
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Runcorn41 mins
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Hough Green51 mins
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Runcorn East61 mins
Underground Station
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Chesham2794 mins
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Amersham2830 mins
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Chalfont and Latimer2859 mins
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Chorleywood2895 mins
Further Information
Price £715,000
Rates Payable Upon Enquiry
Service Charge Upon Enquiry
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.
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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