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Units 1-6 Meridian Park, Rochester

11/7/2018

 
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The above Freehold multi let industrial investment has been sold on behalf of a Private Trust client to Petchey Industrial holdings Ltd for £1,500,000 to reflect an initial yield of 7.4%
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The property comprised a terrace of units totalling 15,611 sq ft and was multi let to tenants including Euro Car Parts Ltd and Antac Ltd.

Platts Lane, Spalding

11/7/2018

 
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CBGA Robson have sold the Freehold investment on behalf of a private consortium of investors to Threadneedle UK Property Authority Investment fund for £3,125,000 to reflect an initial yield of 5.32%

The unit comprised some 18,000 sq ft and was le for a further 13 years to Jewson , guaranteed by Saint Gobain Building Distribution Ltd. The lease is subject to review based upon RPI (open) and the current income was £179,136 per annum.

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