Sale and Leaseback at Colston House, Lancaster Way Business Park, Ely

Acting on behalf of Ellutia Ltd, the Capital Markets Team have sold this freehold mid tech / industrial unit totalling 15,015 sq ft on a site of 1.05 acres giving a site cover of just 26.5%.

The property was let on a new 15 year lease with 5 yearly rent reviews to the higher of OMV or RPI 2pa%-4pa% to Ellutia Ltd and has been acquired by Grovemere Property for £3.1m reflecting a net initial yield of 5.71%.