Acting on behalf of Columbia Threadneedle B8RE have completed the purchase of this well let distribution unit for £4,800,000 from Parabola Capital LLP.
The property comprises a refurbished distribution unit located within Winsford Industrial Estate. It is extremely well let to Howard Tenens on a new 10 year lease at a rental of only £336,723 per annum (£3.25 per sq ft).
Simon Wood of B8RE who acted on behalf of Threadneedle commented:
“My clients are delighted with the purchase of this well let distribution investment and were very attracted by the low base rental, fixed increase at review in 5 years’ time, 10 years secure income to such a successful company and lack of supply of competing properties not only in the immediate vicinity but in the North West as a whole.”
B8RE advised Columbia Threadneedle, ADS Real Estate Advisors advised Parabola Capital.
For further information contact:
ADS Real Estate Advisors
0203 418 2050