Overview:
Purchase of a standing investment let to Yodel Delivery Network. The property was sold by Columbia Threadneedle.
The building extends to c26,500 sq ft upon a site area of 2.47 acres, reflecting a site density of approximately 25%.
The property is let on a 3-year lease from October 2021, with approximately 2 years unexpired at the date of purchase.
This purchase provides asset management potential through a possible renewal or regear with the existing occupier. Alternatively, should the property become vacant, the property provides an opportunity to carve off the excess yard and deliver a separate single-unit development.