Screwfix, Ripon Road Industrial Estate, Ripon Way, Harrogate, HG1 2AU
Franck Steier Price has recently completed the sale of a well let industrial investment on behalf of a private SIPP client.
The property is located on Ripon Road Industrial Estate, an established industrial/trade location just north of Harrogate town centre.
The property comprised an end terraced unit of 12,043 sqft. The unit was let to Screwfix Direct Ltd on a lease expiring on 27 June 2022 at a passing rent of £67,000 per annum (£5.56 per sqft).
The property was sold to a private investor for £1,000,000 which reflected an initial yield of 6.34%.