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Case Studies

2950 Kettering Venture Park, Kettering Parkway, Northamptonshire


Transaction:

Midlands Industrial Investment

Price: £2,350,000

Net Initial Yield: 8.35%

Success Story

TDB advised on the acquisition of this modern distribution building in Kettering on behalf of Merritts Properties Ltd.

The property totals 40,589 sq ft and is let to Winkhaus (UK) Limited with a parent company guarantee at a passing rent of £207,500 pa (£5.11 psf) for a further 7.9 years.

The property was acquired by in January 2014 for a price of £2,350,000, reflecting a net initial yield of 8.35%.

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