Property description
Opportunity to acquire a high yielding multi let investment opportunity located in the sought-after Wirral International Business Park, Bromborough.
The property comprises 80,947 sq ft of industrial and office space on a site of 5.19 acres, providing a low site cover of 29% on ground floor area.
The property is let to 2 tenants with a low passing rent of £382,000 pa (£4.19 psf on build accommodation). A vacant office suite also provides opportunity to capture immediate reversion.
The purchase price of £3,200,000 reflects a NIY of 11.21%, reversionary yield of 14.44% and a low capital value of £34.47 psf (assuming £450,000 p/acre on storage land)
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