Property overview

Joel Makin Properties, represented by Franck-Steier Price, has recently completed the acquisition of a new build, secure, trade counter investment located at Windsor Park, Louth.

The property comprises an end terrace trade counter unit as part of a 5-unit scheme. The unit is 3,680 sq ft total.

The property is let to the excellent covenant of Toolstation Ltd on a new FRI lease expiring 27^th July 2030 at a passing rent of £30,360 per annum.

The property was acquired for £515,649 which reflects a net initial yield of 5.62%.

The vendor, Willham Ltd, was represented by Will Torr of HEB.