Property News
Cotswold industrial estate purchase
Sampson Moore have advised property company clients on the purchase of a multi-let industrial investment at Worcester Road Industrial Estate, Chipping Norton. The purchase price was £1.925m reflecting an initial yield of 9.77%. The estate comprises 38,785 sq ft producing £199,020 pa. The purchaser intends to carry out some refurbishment and active management.
February 2011
Further sale and leaseback deal
Sampson Moore have advised fund manager clients on a further sale and leaseback purchase from Metalrax Group plc at Sedgwick Road, Luton for a price of £880,000. The vendor took a 15 year leaseback at a rent of £100,000 pa , with annual RPI uplifts. The purchase reflected an initial yield of 10.73%.
February 2011
Industrial sale and leaseback deal
Sampson Moore have advised fund manager clients on the purchase of two industrial properties at Northfield Industrial Estate, Market Deeping and Crossgate Road, Redditch for a total consideration of £1,820,000. The vendor was Metalrax Group plc, who took a 15 year leaseback at rents of £96,500 pa and £110,000 pa respectively, with annual RPI uplifts. The purchase reflected an initial yield of 10.73%.
December 2010
Chepstow purchase
Sampson Moore have advised a private client on the £850,000 purchase of a retail investment at High Street, Chepstow. The property is let to The Factory Shop Limited for a further 14 years at a rent of £64,000. The purchase reflected a net initial yield of 7.1%.
March 2010
Shrewsbury rent review
Rent review concluded.
Sampson Moore have concluded a rent review at 12 High Street Shrewsbury on behalf of the landlord. The new rent to be paid by tenant Essensuals from November 2008 is £40,000 pa.
December 2009
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