Instructions

MONDI, PARKWAY, DEESIDE INDUSTRIAL PARK, DEESIDE CH5 2NS

UNDER OFFER

Details:

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.

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