Commercial property
Investment for sale
Orion Portfolio : Ellesmere, Chester, Wakefield : Mixed Industrial and Retail Investment

Investment for sale
£3,760,000 / NIY 7.82%
Summary
  • Opportunity to obtain a mixed industrial and retail portfolio comprised of three properties
  • Properties located in Ellesmere, Wakefield and Chester
  • Let to 5 tenants with a WAULT of 4.68 years to expiry and 3.43 years to break
  • Total income of £313,342 per annum 66% of the income secured against 4A D&B rated covenant and above
  • Our client is seeking offers in excess of £3,760,000 exclusive of VAT and subject to contract which reflects a
  • net initial yield of 7.82% assuming purchaser’s costs of 6.52% with a minimum reversion in 2021 of 8.1%

CARGOTEC INDUSTRIAL PARK, ELSON, ELLESMERE, SHROPSHIRE SY12 9JW

  • Predominately let to Hiab Ltd (D&B rating of 4A1) until 29/09/2022
  • Freehold
  • 47,045 sq ft of office, industrial buildings and a builders yard
  • Tenant in occupation at site for over 25 years
  • Tenant has recently undertaken major works on site
  • Asset management and development opportunities
  • Producing £133,750 per annum

QUAKER MEETING HOUSE, 30A FRODSHAM STREET, CHESTER CH1 3JL

  • Let to the national covenant of BrightHouse (D&B 5A4)
  • Top 15 UK retail centre
  • Long leasehold at a peppercorn rent (107 years remaining)
  • Asset management and regear opportunities
  • Producing £75,000 per annum

SILKWOOD BUSINESS PARK, FLANSHAW WAY, WAKEFIELD, WF2 9LP

  • Long let (until 2026) trade/industrial unit (guarantor D&B 2A2) with RPI increase (1-5%)
  • Freehold
  • Located close to J40 of the M1 in prime industrial location
  • 22,356 sq ft with low site cover (c.20%)
  • Producing £104,592 per annum
  • Low passing rent of £4.67 per sq ft
  • Minimum fixed uplift in 2021
  • Min increase to £115,631
  • Max increase to £129,921
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