 The above Freehold multi let industrial investment has been sold on behalf of a Private Trust client to Petchey Industrial holdings Ltd for £1,500,000 to reflect an initial yield of 7.4%
The property comprised a terrace of units totalling 15,611 sq ft and was multi let to tenants including Euro Car Parts Ltd and Antac Ltd.  CBGA Robson have sold the Freehold investment on behalf of a private consortium of investors to Threadneedle UK Property Authority Investment fund for £3,125,000 to reflect an initial yield of 5.32%
The unit comprised some 18,000 sq ft and was le for a further 13 years to Jewson , guaranteed by Saint Gobain Building Distribution Ltd. The lease is subject to review based upon RPI (open) and the current income was £179,136 per annum. |
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