Transaction:
Multi-Let Industrial Estate Investment disposal.
Price: £4,500,000
Net Initial Yield: 7.63%
Success Story
TDB advised on the sale of this multi-let industrial estate in Wellingborough on behalf of BlackRock.
The estate comprises 16 units totalling 96,908 sq ft and is let to12 tenants providing an AWULT of 5.93 years to expiries and 3.62 years to breaks. The property provides a rent passing of £363,141 pa with two vacant units.
The property was acquired by Columbus Capital in January 2014 for a price of £4.5m, reflecting a net initial yield of 7.63%.
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