|B8 Real Estate acting on behalf of Halton Borough Council & Pochins Ltd have sold a 28,000 sq ft multi-let industrial unit on Runcorn Docks Road, Runcorn. The property was purchased by Eric Wright Group for £1,630,000, reflecting a net initial yield of 7.25%.
Expressway Industrial Estate comprises a modern estate of 21 units and was 93% occupied with tenants including Wolseley UK Ltd and Rexel UK Ltd. John Burrows of B8 Real Estate who acted on behalf of Halton Borough Council & Pochins Ltd commented, ”The sale re-affirms strong investor demand for good quality, well let assets within established industrial locations such as Runcorn”.
Eric Wright Group were represented by Bilfinger GVA.
https://b8-live-cdn.s3.amazonaws.com/wp-content/uploads/2016/05/7fc00121662009448ec845f0cf7b0670.jpg 1067 1600 B8RE https://s3-eu-west-1.amazonaws.com/b8-live-cdn/wp-content/uploads/2019/07/logo.png B8RE2016-05-19 13:18:402016-05-19 13:20:54Expressway Industrial Estate Changes Hands