Phillips Sutton has recently completed the sale of a warehouse investment on behalf of a private client.
Phillips Sutton Associates has recently completed the sale of a 24,124 sq ft warehouse in Hinckley on behalf of a private client.
The warehouse is located on Farraday Road, Harrowbrook Industrial Estate in Hinckley, occupying a prominent location at the front of the estate.
The unit is let to Triumph Motorcycles until January 2018 at a rent of £81,500 per annum and is held on full repairing and insuring terms.
The unit was sold for a price of £900,000 which reflected a NIY of 8.56% after purchasers costs of 5.8%.
The purchaser was the Trustees of Bloor Holdings Limted and were represented by James Blenkin and Company.
