GSF Car Parts, 26 Knutsford Way, Sealand Industrial Estate, Chester, CH1 4LT
Download the Sales Brochure Make an enquiry£3,350,000
Oct 2024
Please see below and investment summary of the above property.
- Prime trade park and warehouse investment
- Very established trade counter location in Chester
- The property comprises a secure, modern, trade park warehouse unit with integral 2 storey offices, and six level access loading doors, leading to a yard with a depth of 43m
- Total Gross Internal Area of 24,634sq. ft. (2,288.57 sq. m.)
- Site area of 1 acre (0.40 Ha)
- The property will be sold by way of sale and leaseback to GSF Car Parts Limited, one of the UK’s leading motor factor businesses with over 190 branches in the UK.
- The property will be let for a term of 10 years on completion of sale
- Lease subject to five yearly rent reviews to the higher of open market or CPI, collared and capped at 1% and 3% per annum compounded
- Rent of £234,000 per annum (low average of £9.50 per sq. ft.)
- Freehold
We are instructed to seek offers in excess of £3,350,000 (Three Million Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.50%, subject to purchaser’s costs of 7.44%.