Interserve House, 8/10 Airfield Way, Christchurch
Price: £2,400,000 - Initial Yield:7.85%
Date: Q3 2011
Acting on behalf of Revelan Group we advised on the sale of this well let freehold industrial investment to COBA Asset Management for £2.4m, reflecting a net initial yield of 7.85%.
The property is located on a major estate in Bournemouth-Poole conurbation and is a high quality refurbished unit with low site cover. The property is let on an overriding FRI lease for a term of 15 years from December 2007, subject to 5 yearly upwards only rent reviews at a passing rent of £199,496.25 p.a (£5.75 psf) to Interserve Project Services Limited.
Contact
Simon Lewis
Tel:
020 7493 3330
Mob:
07831 527 960
slewis@lewisellis.co.uk
