Acting on behalf of a retained private client, Sibbett Gregory have sold a modern trade counter investment in Spalding, Lincolnshire.
The property comprises a purpose built 9,847 sq ft warehouse building with a substantial yard let to Travis Perkins (properties) limited on an FRI lease with c.5 years unexpired. The agreed sale price reflected a Net Initial Yield of 7.49%
Alastair Knott, Director at Sibbett Gregory commented: “Utilising our excellent contacts within the investment market, we were able to put this property under offer very quickly to a cash buyer”.
For further information please contact:
Alastair Knott, Sibbett Gregory 01202 661177