Calder Industrial Materials, Sealand Industrial Estate, Chester

• Located on the edge of Chester city centre, close to the junction of the A5480 and the M56.
• Situated on the established Sealand Industrial Estate, in a prime position adjacent to Sovereign Way.
• Modern self-contained unit, comprising 48,913 sq ft (4,544 sq m).
• Let to Calder Industrial Materials Limited, on a 25-year FRI lease, expiring 22nd July 2026.
• Current rent of £256,793 per annum (£5.25 per sq ft).
• Estimated Rental Value of £317,934 per annum (£6.50 per sq ft).
• Site area of approximately 2.43 acres, representing a site density of 43%.
• Long leasehold interest for 999 years from and including 18 July 2000, subject to a peppercorn rent.

Our client is seeking offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an initial yield of 6.00% and a reversionary yield of 7.50%, after the deduction of purchaser’s costs of 6.54%, with a capital value of £82 psf.