MONDI, PARKWAY, DEESIDE INDUSTRIAL PARK, DEESIDE CH5 2NS
Long income single let industrial investment.
- Extensive printing and distribution facility of 174,129 sq ft (16,177 sq m) GIA. Potential for sub-division.
- Key attractions for tenant include 2.5 MVA power supply with access to nearby port and air freight facilities.
- Let to a wholly owned subsidiary of FTSE 100 listed Mondi Plc.
- 12.25 years to lease expiry.
- Low Principal Rent of £3.59 per sq ft plus “Fit-out Rent” of £49,680 per annum.
- Total current rental of £674,527 per annum with an estimated reversion to £720,000 per annum in July 2019.
- Offers in excess of £8,700,000 subject to contract and exclusive of VAT.
- Net initial yield of 7.27% with reversion to 7.76% in July 2019.