Property overview

Units 7-19 High March Industrial Estate, Daventry, NN11 4HB

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£850,000
Feb 2013

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.