B8RE Sell in West Bromwich

 B8 Real Estate, acting on behalf of private clients have disposed of a well let parcel delivery investment in West Bromwich to private clients of Lewis Tucker.

The unit which is located on the busy Middlemore Industrial Estate is let to Geodis for a further 45 years unexpired without breaks.

The investment was purchased at a level of £1.1M reflecting a net initial yield of 6.18%.

Simon Wood of B8 Real Estate who acted on behalf of the vendor commented

‘The purchase shows the continued enthusiasm and appetite for well let industrial properties with asset management angles. We are seeing continued demand from a cross section of investors for the properties we are selling on the back of a very healthy occupational market and opportunities for capital growth in this sector.’

Simon Wood of B8 Real Estate acted for the vendor and Gideon Davies of Lewis Tucker acted for the purchaser