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142 Christleton Rd 11,773 SF Industrial Building Chester CH3 5TD $2,220,431 ($188.60/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Freehold - Offers in excess of £1,666,500
- Fully refurbished unit
- Trade counter investment let to Howden Joinery Properties Limited
- 15 year lease at £115,000 per annum (£9.76 psf)
EXECUTIVE SUMMARY
This modern industrial unit, originally built as a builders merchants in the 1990s and recently refurbished, offers a total of 11,773 sq ft of light industrial space. The property is situated on a 1.07 acre site which provides a low site density of 25% and ample on-site circulation and car parking. The property features two roller shutter doors providing excellent access. With a practical eaves height of 4.9m, the unit is well-suited to a range of industrial, trade counter, storage, or light manufacturing operations. The property is undergoing a significant fit out in line with Howdens standards at a cost of c.£500,000. This includes resurfacing the yard space.
PROPERTY FACTS
| Price | $2,220,431 | Lot Size | 0.37 AC |
| Price Per SF | $188.60 | Rentable Building Area | 11,773 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1990 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.7/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | B |
| Price | $2,220,431 |
| Price Per SF | $188.60 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.37 AC |
| Rentable Building Area | 11,773 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 1.7/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
AMENITIES
- Courtyard
- Fenced Lot
UTILITIES
- Lighting
- Water
- Sewer
- Heating
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142 Christleton Rd
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