Legat Owen are pleased to announce the sale of an industrial investment on Fourth Avenue. Zone 2 , Deeside Industrial Park
The 2.9 acre site is let to Altrad NSG for a term of 10 years with effect from 1st February 2013 at an annual rent of £100,000 per annum. Altrad NSG use the site as their UK HQ for their specialist scaffolding division.
The property was sold to private buyers shortly after coming to the market at a price well ahead of the original guide of £1,350,000.
Director Stephen Wade commented:
Deeside Industrial Park is one of the premier Industrial locations in the wider North West region.
Altrad NSG are an excellent covenant and the asset provided short to medium term income with the potential for future redevelopment.
Investor demand for industrial property in recognised locations is particularly buoyant and the lot sold very well indeed, exceeding our clients expectations.
