On behalf of Threadneedle Property Investments Ltd, Cooper Rose Real Estate has today completed the acquisition of the above distribution warehouse investment for a price of £7m, reflecting a net initial yield of 8.66% rising to 9.72% next July.
The property is let to the above tenant for a term of ten years from July 2011 at a current rent of £641,000 per annum with a fixed uplift next year.
The property totals 24,275 sq ft.
Contact Ben Rose or Giles Cooper.