Industrial

Hunting Gate, East Portway Industrial Estate, Andover 

 

Price: £1,400,000 - Initial Yield:14.00%

Date: Q1 2013

Acting on behalf of a Private Investor we advised on the purchase of this industrial investment from M7 Real Estate for £1.4m, reflecting a net initial yield of 14.0%.

The property comprises 13 units divided into three terraces providing accommodation totalling 37,879 sq ft. The property is held Leasehold from Test Valley Borough Council on a 125 year ground lease at a current rent of £30,000 p.a.  Multi let to 13 tenants producing a total income of £221,015 p.a. with an average weighted unexpired term of 3.9 years to expiries (3.3 years to tenant breaks).

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk


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