Property overview

Screwfix, Ripon Road Industrial Estate, Ripon Way, Harrogate, HG1 2AU

sold

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£1,000,000
Oct 2018

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%.