Overview:
An income-producing asset management and development opportunity purchased off-market from a family property company.
The buildings extended to 20,879 sq ft building set within a total site area of c4.4 acres. The land areas were roughly apportioned as 1.9 acres to the existing building and 2.5 acres of development land. The Main building was built in the early 2000s.
The building was let on a short-term lease to Silver X, a third-party logistics supplier with approximately 2.5 years unexpired term.
The property was marketed on an ‘all enquiries’ basis with an initial intention to develop a new small industrial unit scheme. However, the ownership was ultimately broken up, with the land sold to Network Plus for owner occupation and the building sold to the occupier.
