Expressway Business Park, St Asaph Road, Bodelwyddan, LL18 5SQ

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.