Industrial

Lowfield Business Park, Elland 

 

Price: £5,570,000 - Initial Yield:9.33%

Date: Q2 2013

Acting on behalf of Valad we advised on the purchase of this industrial investment from Horatio Properties (Guernsey) Ltd for £5.57m, reflecting a net initial yield of 9.33%.

The property comprises a modern distribution warehouse of 122,408 sq ft. Let to Micheldever Tyre Services Ltd on a 10 year lease from 27th November 2009 expiring 26th November 2019 (approximately 6.75 years unexpired).  The current rent is £550,000 p.a and is subject to an upwards only open market rent review on 27th November 2014.

Contact

Tony Burling

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


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