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Berse Rd 25,747 sq ft 100% Let Retail Property Wrexham LL11 2BL £2,801,000 (£108.79/sq ft) 7.75% Net Initial Yield
Investment Highlights
- Prominent location
- Signage
- Car parking
Executive Summary
INVESTMENT SALE | RETAIL WAREHOUSE PORTFOLIO | ADJOINING B&Q STORES
Park Place Retail are marketing this diverse 3 asset retail warehouse portfolio comprising Victoria Retail Park in Halifax, Armstrong Retail Park in Washington and Berse Road Retail Park in Wrexham. The portfolio has a WAULT to lease expiry of 6.3 years (5.7 years to break), a low average rental rate of £9.55 per sq ft with provable reversion at Wrexham providing for a reversionary yield profile.
Offers are requested in excess of £7,201,000, providing a low capital value of £109.00 per sq ft and the following yield profile:-
8.21% | net initial yield
8.30% | April 2028 running yield based on Wrexham fixed uplift
8.46% | June 2029 reversionary yield based on recent evidence
The properties are available on an individual basis with specific pricing detailed in the respective marketing brochures, which can be provided upon request.
Park Place Retail are marketing this diverse 3 asset retail warehouse portfolio comprising Victoria Retail Park in Halifax, Armstrong Retail Park in Washington and Berse Road Retail Park in Wrexham. The portfolio has a WAULT to lease expiry of 6.3 years (5.7 years to break), a low average rental rate of £9.55 per sq ft with provable reversion at Wrexham providing for a reversionary yield profile.
Offers are requested in excess of £7,201,000, providing a low capital value of £109.00 per sq ft and the following yield profile:-
8.21% | net initial yield
8.30% | April 2028 running yield based on Wrexham fixed uplift
8.46% | June 2029 reversionary yield based on recent evidence
The properties are available on an individual basis with specific pricing detailed in the respective marketing brochures, which can be provided upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
25,747 sq ft
Costar Property Class
C
Year Built
1998
Price
£2,801,000
Price per sq ft
£108.79
Yield
7.75%
NOI
£217,078
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.36
Total Plot Size
1.66 ac
Parking
64 Spaces (2.48 Spaces per 1,000 sq ft Leased)
Frontage
224 ft on Berse Road
Amenities
- Bus Route
- Security System
- Signage
- Roller Shutters
- Storage Space
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Berse Rd
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