Westerngate Industrial Estate, Swindon
Price: £7,325,000 - Initial Yield:9.00%
Date: Q4 2012
Acting on behalf of Eskmuir Properties we advised on the purchase of this industrial estate from M7 Real Estate for £7.325m, reflecting a net initial yield of 9.0%.
The property comprises a modern industrial estate comprising 11 units in two terraces, arranged over five buildings totalling 168,377 sq ft. The site area is approximately 9.57 acres. Multi let to 5 tenants producing a total current rent of £704,152 p.a. Asset management opportunities exist in letting the vacant accommodation that currently totals 89,757 sq ft.
Contact
Simon Lewis
Tel:
020 7493 3330
Mob:
07831 527 960
slewis@lewisellis.co.uk
