Log In/Sign Up
Your email has been sent.
Berse Rd 25,747 SF 100% Leased Retail Building Wrexham LL11 2BL $5,192,591 CAD ($201.68 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Prominent location
- Signage
- Car parking
Executive Summary
INVESTMENT SALE | RETAIL WAREHOUSE PORTFOLIO | ADJOINING B&Q STORES
Park Place Retail are marketing this diverse 3 asset retail warehouse portfolio comprising Victoria Retail Park in Halifax, Armstrong Retail Park in Washington and Berse Road Retail Park in Wrexham. The portfolio has a WAULT to lease expiry of 6.3 years (5.7 years to break), a low average rental rate of £9.55 per sq ft with provable reversion at Wrexham providing for a reversionary yield profile.
Offers are requested in excess of £7,201,000, providing a low capital value of £109.00 per sq ft and the following yield profile:-
8.21% | net initial yield
8.30% | April 2028 running yield based on Wrexham fixed uplift
8.46% | June 2029 reversionary yield based on recent evidence
The properties are available on an individual basis with specific pricing detailed in the respective marketing brochures, which can be provided upon request.
Park Place Retail are marketing this diverse 3 asset retail warehouse portfolio comprising Victoria Retail Park in Halifax, Armstrong Retail Park in Washington and Berse Road Retail Park in Wrexham. The portfolio has a WAULT to lease expiry of 6.3 years (5.7 years to break), a low average rental rate of £9.55 per sq ft with provable reversion at Wrexham providing for a reversionary yield profile.
Offers are requested in excess of £7,201,000, providing a low capital value of £109.00 per sq ft and the following yield profile:-
8.21% | net initial yield
8.30% | April 2028 running yield based on Wrexham fixed uplift
8.46% | June 2029 reversionary yield based on recent evidence
The properties are available on an individual basis with specific pricing detailed in the respective marketing brochures, which can be provided upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
25,747 SF
Building Class
C
Year Built
1998
Price
$5,192,591 CAD
Price Per SF
$201.68 CAD
Cap Rate
7.75%
NOI
$402,426 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.66 AC
Parking
64 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
224’ on Berse Road
Amenities
- Bus Line
- Security System
- Signage
- Automatic Blinds
- Storage Space
1 1
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Berse Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.