The Loxley Portfolio – East Midlands
Acting on behalf of Hansteen, Franck-Steier Price has concluded the sale of this multi let industrial estate portfolio based in the East Midlands.
The four properties are located in north Nottinghamshire and comprise two starter unit estates, a former colliery complex and a development of three detached industrial units.
The portfolio totals 89,290 sqft in total across 52 units. The properties are 98.3% let with a total passing rent of £280,294 per annum.
The portfolio was sold to a property company for £2,940,000, reflecting a net initial yield of 9%. Calders acted for the purchaser.