Sale of multi-let industrial investment in Bedfordshire
June 22, 2022
London-based property group, Pears Property Advisors acquired the investment of a terrace of 4 units on a 0.79-acre site at Tyne Road, Sandy in Bedfordshire. The investment achieved in excess of the £1.7 million guide price.
The four units extend to over 12,000 sq ft of industrial/warehouse space, plus a 4,800 sq ft yard for parking and storage. Occupiers include Home Plastics, BED (Corby), JAMM Group and a private personal training gym.
Eamon Kennedy said: “It is always a pleasure to work alongside Pears Property Advisors and we were delighted to achieve above the quoting price for this excellent investment. The units are all let on separate leases achieving an attractive net initial yield of 5.2%.”
Kirkby Diamond acted on behalf of a private Canadian Investor.