Tenant: Reacta Biotech Limited
Size: 23,713 sq ft
An excellent opportunity to acquire a high yielding office / laboratory investment opportunity, situated in the heart of Zone 2, Deeside Industrial Park, one of the principal commercial locations with the North West. The unit extends to 23,713 sq ft providing a mixture of office, laboratory and storage space, within a low density, well landscaped environment. The demise also includes with wider freehold of Newtech Square (approximately 7.19 acres).
The property is let to Reacta Biotech Limited on a 10 year lease from 15 June 2018 (subject to an option to break in year 5) at a low rent of £90,000 pa (£4.00 psf). There are further rental uplifts to £100,000 pa in June 2020 and £120,000 pa in June 2022.
The asking price reflects a low capital value of £31.62 per sq ft.