LOCAL INVESTORS BUY INTO BLENHEIM INDUSTRIAL ESTATE

Investment News

Acting on behalf of Wilson Bowden Developments, FHP have agreed the sale of 4C Blenhiem.

This six year old, self contained warehouse of 25,437ft² is let to Falcon Panel Products at a rental of £146,250 per annum, the lease expiring in August 2018. 

The long leasehold interest in this property has been sold to private investors for the sum of £1,115,000 reflecting a net initial yield of some 12%.

John Proctor who handled the sale confirmed:

“The lack of finance available for short to midterm leases is still giving the private investor the opportunity to potentially consider purchasing properties at an attractive net initial yield.”