Units 7-19 High March Industrial Estate, Daventry, NN11 4HBMake an enquiry
Franck-Steier Price has recently completed the acquisition of a multi-let industrial estate on behalf of M7 Real Estate.
The property comprises a six unit industrial terrace totalling 53,991 sq.ft with unit sizes varying from 8,966-9,020 sq.ft.
The property is let to three tenants producing £101,510 per annum.
The property was purchased for £850,000 reflecting a net initial yield of 11.29%, after costs of purchase of 5.80%, and a low capital value of £15.75 per sq.ft. Strutt and Parker represented the vendor CBRE Global Investors.