Acquisition of a multi let industrial estate

The property comprised a multi let secondary industrial estate let to seven different tenants across 12 different units comprising 145,824 sq ft, plus some external storage and a solar farm. The property has a WAULT to expiry of 3.27 years and 1.74 years to breaks. The total passing rent was £608,805 per annum reflecting an attractive net initial yield of 8.40%, this was deemed reversionary to circa 9.67%.