Vale Park, Colomendy Industrial Estate, Denbigh, LL16 5TA
Acting on behalf of Hansteen, Franck-Steier Price has recently concluded the sale of a industrial/trade estate on the edge of Denbigh, on the Colomendy Industrial Estate.
The estate comprises three terraces of small starter units. The 14 units ranged in size from 1,055 sqft to 2,500 sqft. The estate totalled 20,716 sqft.
The estate was fully let following the conclusion of two short term lettings. The combined income was £90,000 per annum. Rents ranged from £4 per sqft to £5 per sqft.
The purchaser was a private local investor, who paid a price of £675,000 reflecting a net initial yield of 12.6%.