Expressway Industrial Estate Changes Hands

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.