Parkway Business Centre

Overview

High yielding 100% let office investment on the established Deeside Industrial Park

Located on Deeside Industrial Park - one of the premier business locations in N Wales
Fronting Parkway - the main arterial route through the estate
19,673 sq ft across 10 units
100% let to 5 tenants including Booker Limited (37% of income)
Passing rent of £189,578 per annum reflecting £9.64 psf
AWULT to expiry of c.3.07 years and c.2.80 years to break.
Established ERV of £10 psf
1.15 acre site with the potential for future redevelopment/ alternative uses
Freehold.

We are instructed to seek offers in excess of £1,545,000 (One Million Five Hundred and Forty Five Thousand Pounds)
subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 11.53% and a Low Capital Value of £79 per sq ft, assuming standard
purchasers low costs of 6.36%.

Features

• High yielding fully let Business Park investment
• AWULT to expiry of c.3.07 years and c.2.80 years to break.
• Extensive parking
• Located at the heart of Deeside Industrial Park
• Low capital value of £79 psf
• Opportunities for asset management
• £1,545,000 +
• £79 psf capital value
• NIY 11.53%

Location

Deeside is located on the English/Welsh border, 6 miles north east of Chester, 16 miles south of Liverpool and 43 miles south west of Manchester. Parkway Business Centre is located on Deeside Industrial Park, comprising 600 acres of industrial and office accommodation in a leading strategic location.

The Property is accessed from the A494/A550 and is 4 miles from the M56 which provides access to
the national motorway network servicing North Wales and the North West. Junction 10 of the M53 is 7
miles to the north east. Manchester International Airport and Liverpool John Lennon Airport are both within approximately 30 minutes’ drive time and Chester City Centre lies approximately 7 miles to the south east.

The Property is accessed via Parkway, the main arterial route through Deeside Industrial Park. Directly
opposite the Property is Third Avenue which provides access to some of the primary occupiers on the
Park including Corpalco, Riverside Gravure and Hannaman Material Handling. Immediately to the rear of the property is a ten-unit trade counter estate which is home to a number of local businesses including Hygenol and Acorn Industrial Services