Investment Summary

Kingsfield Court, Chester Business Park, Chester, CH4 9RF

  • Multi-let office park investment comprising three detached office buildings
  • Situated on Chester Business Park, the City's prime out of town office location
  • Modern accommodation that has been extensively refurbished over the last 3 years to provide high quality office space
  • 4 new lettings in the last 12 months with all tenant's undertaking substantial fit out works
  • Passing rent of £715,069 per annum, disregarding the TAP site
  • 94% occupancy
  • AWULT to expiry of 7.6 years (3.5 years to break)
  • ERV of £738,673 per annum
  • We are instructed to seek offers in excess of £7,125,000 (STC),which reflects the following yield profile:-
  • 9.41% NIY
  • 9.72% Rev Yield
  • Low capital value of just £153 psf
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