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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