Transaction:
Sold by TDB Real Estate to a confidential insurance fund
Price: £5.8m
Net Initial Yield: 5.8%
Success Story
Units 1-8 Osyth Close was a freehold multi let industrial estate investment comprising of 8 units (arranged as 5) on the popular Brackmills Industrial Estate in Northampton. The 8 units total 93,178 sq ft (inc landlords mezzanines of 2,580 sq ft.). The units provided a current income of £413,010 pax equating to an average rent of £4.46 per sq ft. The investment has a WAULT of 8.6 years to expiry and 5.5 years to break. Sold by TDB Real Estate to an Insurance Fund for £5.8m reflecting a net initial yield of 6.73% (assuming acquisition costs to be 5.8%).
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