UK multi-let industrial property company Sandyford Properties has acquired three vacant units, totalling 69,756 sq ft, at Deeside Industrial Park, near Chester, for an undisclosed price.
The industrial units are located on a four-acre site at 80-82 First Avenue and were acquired from the former owner of the DRB Group – an engineering company which entered administration earlier this year.
The buildings were previously used as a single factory, constructed in the early 1980s and extended in 2005, and there is an additional 0.7 acre plot of land, which could be developed or used by an occupier as yard space.
Sandyford has the option to let the entire space to one company or refurbish the space and split it into smaller units.
Paul Brindley, managing director of Sandyford Properties, said: “This acquisition represents an excellent value-add opportunity in a strong location close to existing assets owned by us. Deeside Industrial Park is in an area with good supply-demand characteristics, where we are aiming to acquire more assets.”
Sandyford was advised by Hill Dickinson and Townsend and Renaudon. The vendor was advised by BA Commercial.
