Summary - Parker Parker Parker Parker Parker Parker Parker Parker Glendale Avenue, Sandycroft Industrial Estate, Deeside, CH5 CH5 2QP
1 bed 1 bath Warehouse
Income-producing warehouse with rental upside and short lease considerations.
Leased to Parker Hannifin with Dun & Bradstreet rating 5A1
Total area c. 42,270 sq ft on a 2.04 acre site
Passing rent £253,620 pa (c. £6.00/sq ft), ERV c. £8.00/sq ft
Offers sought in excess of £3,000,000; net initial yield c. 7.94% after costs
Lease renewed for five years from Feb 2024 — short unexpired term risk
Mortgage lenders may refuse lending due to limited lease length
Location six miles from M56; established industrial estate transport links
Local area: very deprived with high crime — re-letting and security risk
A fully let industrial investment occupying 2.04 acres on Sandycroft Industrial Estate, occupied by Parker Hannifin Manufacturing Ltd. The unit extends to approximately 42,270 sq ft with adjoining office accommodation and generous external yard and parking — practical for manufacturing, distribution or long-term leasing. The current passing rent is £253,620 pa (c. £6.00/sq ft) with estimated ERV around £8.00/sq ft, creating clear rental upside for a new owner.
The tenant has renewed their lease for a five-year term from 4 February 2024 and holds a strong Dun & Bradstreet rating (5A1). At the offered price (offers in excess of £3,000,000) the purchase reflects a net initial yield of c. 7.94% after costs, equating to approximately £70/sq ft — an attention-grabbing starting return for investors seeking income-producing industrial stock.
Buyers should note material limitations: only five years remain on the lease which may restrict mortgage finance—many lenders set minimum unexpired lease terms for commercial borrowing. The site sits in a very deprived area with a high local crime rate, factors that can affect tenant attraction and future re-letting risk. Broadband is average while mobile signal is excellent, and the location benefits from established estate infrastructure and being six miles from the M56.
This asset suits an investor comfortable managing lease expiry risk and local-market re-letting, or a buyer able to negotiate a covenant-backed financing solution. There is tangible scope to increase income at re-let or renewal to the estimated rental value, but planning for vacancy, refurbishment and active asset management should be factored into acquisition costs.
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