Industrial

Excel 95, First Avenue,  Deeside Industrial Park, Flintshire 

 

Price: £4,310,000 - Initial Yield:7.90%

Date: Q2 2017

Acting on behalf of AEW UK REIT we advised on the purchase of this single let industrial investment in Deeside from UK Properties Ltd for £4.31m, reflecting a net initial yield of 7.90%.

The property comprises a 96,597 sq ft industrial warehouse let to global enterprise Magellan Aerospace (UK) Limited, for a term of approximately 10 years to expiry and 5 years to break. The current passing rent of £3.75 per sq ft provides a significant discount to other competing centres within the North West market offering excellent prospects for future rental growth.

Contact

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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