October 2019

Freehold Multi-Let Industrial Investment Opportunity Comes To Market

We are pleased to bring to the market a new industrial investment opportunity at Tremarl Industrial Estate, Llandudno Junction.

We are offering the site, which comprises 21 warehouse/industrial units with a combined GIA of 54,142 sq ft, for sale freehold. The units are let to a total of 13 tenants including Yodel Delivery Network and Conwy County Borough Council and has a passing rent of £298,775.

We are instructed to seek offers in excess of £3,700,000 subject to contract and exclusive of VAT for the freehold interest. A purchase at this level reflects a net initial yield of 7.58% after deduction of purchaser’s costs of 6.51%. This reflects a low capital value of only £68.33/sq ft.

If you would like to discuss this opportunity in more detail please contact Stephen Wade or Ben Lamont.