Industrial

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

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk


Terms & Conditions | Privacy Policy
Web Design by Creativeworld