Units 1-3 Watling Park, Daventry 

Date: Q2 2013

Acting on behalf of Valad we advised on the sale of this distribution investment to Private Investors for £6.8m, reflecting a net initial yield of 11.85%.

The property comprises three distribution warehouse units constructed in the 1970’s totalling 209,251 sq ft GIA. Fully let to Fortec Distribution Network Limited and Weatherbeeta Limited with an average unexpired lease term to break of 3.46 years at a total rent passing of £854,000 per annum (reflecting £4.08 per sq ft overall).

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