DHL, Bonehurst Road, Salfords, Redhill
Price: £17,250,000 - Initial Yield:4.80%
Date: Q4 2019
Acting on behalf of M&G Real Estate we advised on the sale of this industrial investment to Oxenwood Real Estate for £17.25m, reflecting a net initial yield of 4.80%.
The property comprises a large distribution unit totalling 108,193 sq ft. Let in its entirety to DHL Supply Chain (trading as ‘Tradeteam’) with approximately 4 years unexpired at a low passing rent of £885,000 p.a.
Contact
John Ellison
Tel:
020 7493 3330
Mob:
07889 437 236
jellison@lewisellis.co.uk
James Caddick
Tel:
020 7493 3330
Mob:
07771 882 860
jcaddick@lewisellis.co.uk
James Elkington
Tel:
020 7493 3330
Mob:
07810722459
jelkington@lewisellis.co.uk
