Units A&B, Wilson Trading Estate, Loughborough, LE11 5XH
Franck-Steier Price have recently completed the sale of a two unit semi-detached industrial scheme on behalf of Wagner Developments Ltd.
The property is located on The Locks, Loughborough, the main established industrial and trade counter area within the town.
The property comprises a purpose built, two unit industrial scheme with extensive yard to the front and parking to either side of the units. The property extends to 30,018 sq ft total on its own self-contained and secure site.
The property was let to Event Engineering and DIAM UK Ltd on FRI terms at a total passing rent of £134,500, reflecting a low £4.48 per sq ft against market rents of £5.00 per sq ft. The combined WAULT was 3.5 years
The property offered reversionary potential with future asset management opportunities to renew leases and invoke rent reviews.
The property was acquired for £2,100,000 which reflected an initial yield of 6.00%.
The property was acquired by Event Engineering for their own future occupation of their unit.