Trafalgar Industrial Estate, Sovereign Way, Downham Market, PE38 9SW
Acting on behalf of Hansteen, Franck-Steier Price has concluded the sale of this multi let industrial estate investment in Downham Market.
The estate totalled 15,514 sqft in 10 starter units. The estate was let with a total passing rent of £79,360 per annum. Rents ranged from £4.90 – £6.00 per sqft.
The purchaser was a private property company, who paid a price of £940,000, reflecting a net initial yield of 7.98%. Carter Towler acted for the purchaser.