High quality office investment opportunity on Chester Business Park
Provides 21,750 sq ft of high quality office accommodation with an excellent car parking ratio of 1:200 sq ft
Fully let with WAULT to expiry of 9.01 years and WAULT to break of 5.79 years. 83% of income secured to Low Risk Covenants
Passing rent of £327,880 pa (£15.07psf)
We are instructed to seek offers in excess of £4,250,000 (Four Million, two hundred and fifty thousand Pounds) subject to contract and exclusive of VAT reflecting a Net Initial Yield of 7.25%, a Reversionary Yield of 8.06% and a low capital value of £195 per sq ft, assuming purchaser's costs of 6.57%.