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Gateway Trade Park Gateway Park, Llandegai Road, Bangor, LL57 4HY
52,797 Sq Ft / Industrial / General Industrial
Withdrawn - Last updated: 16 March 2023
UNDER OFFER - SECURE and REVERSIONARY INDUSTRIAL INVESTMENT OPPORTUNITY
Key Features
- High quality warehouse/industrial investment within Gateway Park fronting Llandegai Road (A5) close to Bangor City Centre, and within the main A55 Nor
- Well established and successful trade location at the entrance to Llandegai Industrial Estate.
- Four industrial units extending to 52,797 sq ft with private car parking, loading and potential to create additional storage land.
- Let to Aber Falls Distillery Ltd with an AWULT of 8.76 years to expiry (4.69 years to break).
- Lease guaranteed by Halewood Wines and Spirits Plc who have a turnover of over £400m and net worth of over £50m.
- Low passing rent of £243,955 which reflects an average of £4.62 per sq ft.
- Rent is reversionary as evidenced by most recent lettings at £5.00 per sq ft and £5.14 per sq ft, with an overall ERV of £268,711 per annum.
- Seeking offers in the region of £2,865,000 (Two Million Eight Hundred and Sixty Five Thousand Pounds).
- Net initial yield of 8% Reversionary Yield of 8.81% Capital Value of £54 per sq ft.
( Agency Pilot Software Ref: 110569 )
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