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The Blog

Unit 7 Blackstone Road, Huntingdon

Tuesday 22nd December, 2015

TDB Real Estate acquired Unit 7 Blackstone Road, Huntingdon on behalf of a private client.

 

The industrial/warehousing premises comprises 71,742 sq ft and is let for 10 years to R3 Polygon UK Ltd.  The purchase price of £3,050,000 represented a net initial yield of 7.44%.  The vendor was Standard Life.

 

Mark Brown at TDB commented; “we advised our clients to buy this investment for a number of reasons.  The tenant has been in occupation of the building for 20 years and had just signed another 10 year lease, the passing rent of just £3.35psf was regarded as extremely reversionary, the tenant has a clean use, is a good covenant,  and the building has been substantially refurbished/upgraded.  The basic specification of the building with an 8m eaves height and the location in Huntingdon adjoining the A14/A1 we also significant factors in the decision to purchase this investment property”.