UNIT D, TENTH AVENUE, DEESIDE INDUSTRIAL ESTATE
Industrial investment purchased for private property company client for £745,000, reflecting a yield of 6.37%. The property is let to Ice and Easy Ltd with a guarantee from Iceland Foods until May 2026.
3 MOOR LANE, CROSBY
Retail investment let to AGE UK until Sept 2025 purchased for private pension fund client for £285,000 reflecting 7.89%.
ONE CRANMORE DRIVE, SOLIHULL
Modern long L/H office investment purchased for a property company client for £4.8m. The property comprises 38,400 sq ft producing a net rent of £450,962 pa from 5 tenants, giving a yield of 8.81% rising to a potential 10.2% after reviews and renewals.
THE FOUNDRY, TELFORD
Office investment purchased for private property company for £1.9175m, reflecting a yield of 8.37%. The property comprises 15,800 sq ft and is let to Martin Kaye LLP solicitors for 10 years.
TOPMARK HOUSE, WEDNESBURY
Industrial investment sold on behalf of Fletcher Estates Ltd to a private consortium for £1.625m, reflecting an initial yield of 7.88%. The property comprises 30,615 sq ft and is let to Quantum Print and Packaging at £136,000 pa until 03.12.2023.