An industrial unit in North Wales has changed hands in a £1.9 million investment deal.
The move to purchase the 1.46-acre site on Deeside Industrial Park is the latest in a multi-million pound series of deals overseen by award-winning commercial property agency Bromwich Hardy.
Bromwich Hardy founding partner Tom Bromwich said the new deal – for a 1.46-acre site on Deeside Industrial Park – had taken his client’s portfolio of investment properties to 15 separate sites worth a combined £35million.
Commenting on the investment on behalf of his (unnamed) client, Tom said: “This is another excellent deal for all the parties. The site is occupied by packaging experts Saica Flex UK on a long lease and is excellently situated on the Wales/England border close to Chester and Merseyside.
“The industrial space runs to around 24,000 sq ft, and we anticipate a yield of approximately 6.17 per cent on the investment with a passing rent of £120,000.
“Our client has now put together a portfolio of properties worth some £30million over the last six years, and we have been delighted to help him with each of the deals. It shows that real strength still remains in the investment market for high-quality properties located in the right places and with the right tenants.
Based in Coventry, Bromwich Hardy is one of the country’s largest independent commercial property agencies.