SOLD - 21-22 Parkhouse West Industrial Estate, Newcastle-under-Lyme

SOLD - 21-22 Parkhouse West Industrial Estate, Newcastle-under-Lyme

  • Prominently located on the established Parkhouse West Industrial Estate, Newcastle Under Lyme
  • 40,770 sq ft freehold former parcel distribution depot
  • Let to DS Smith Corrugated Packaging Ltd on a full repairing and insuring lease until August 2022. The property is sub-let to DPD Group Ltd until March 2016.
  • Strong covenant strength, asset management angles.
  • Passing rent of £148,000 per annum (£3.63psf)
  • Seeking offers in the region of £1,800,000 (One Million Eight Hundred Thousand Pounds) which shows a net initial yield of 7.77% and a capital value of £44.15 psf after purchaser’s costs of 5.8%.
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