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      Who we are/ Our Teams/ Capital Markets Team/ Completed Transactions/ Bluewater Estate, Plymouth Deal

      Acquisition of a multi let industrial estate

      Bluewater Estate, Plymouth
      Bluewater Estate, Bell Close, Plymouth

      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%.

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