Phillips Sutton advise on the sale of a prime industrial warehouse investment.
Acting on behalf of Harwood Real Estate, Phillips Sutton have advised on the sale of a 28,000 sq ft industrial warehouse investment on Meridian Business Park, Leicester.
The unit was let to a subsidiary of Thales UK on a 10 year lease with a break at the end of the 6th year at a rent of £145,000 per annum.
The purchase price of £2,030,000 reflected a NIY of 6.75% after normal purchasers costs of 5.8%.
Shortland Penn and Moore advised the purchaser, A&J Mucklow.
