Multi-let office park investment comprising three detached office buildings
Situated on Chester Business Park, the City's prime out of town office location
Modern accommodation that has been extensively refurbished over the last 3 years to provide high quality office space
4 new lettings in the last 12 months with all tenant's undertaking substantial fit out works
Passing rent of £715,069 per annum, disregarding the TAP site
94% occupancy
AWULT to expiry of 7.6 years (3.5 years to break)
ERV of £738,673 per annum
We are instructed to seek offers in excess of £7,125,000 (STC),which reflects the following yield profile:-
9.41% NIY
9.72% Rev Yield
Low capital value of just £153 psf
