Industrial

Phase 1, Mountpark Southampton SO18 2NQ

 

Price: £43,500,000 - Initial Yield:4.50%

Date: Q2 2018

Acting on behalf of M&G Real Estate we advised on the purchase of this prime warehousing and distribution investment from Mountpark Logistics for £43.5m, reflecting a net initial yield of c4.5 %.

Mountpark Southampton is one the South Coast's premier industrial / logistics developments. Situated at J5 M27, Phase 1 of the scheme consists of three newly built highly specified distribution warehouse units totalling 215,500 sq ft.

Phase 1 of the scheme was fully let before PC to Coopervision, Berensden and Paul Murray Plc at a total rental of just under £2m p.a reflecting an overall rent of £9.25 per sq ft.

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk


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