Marnshaw buys Bury trading park for £2.2m
Marnshaw Ltd has acquired the Bridge Trading Estate, Bury, from the Canal and River Trust for a headline consideration just above £2.2m.
Bridge Trading Estate is a multi-let industrial property with a rental income of £156,000 but with the potential to increase the income up to £231,000.
The transaction represents a net initial yield of 6.70% but with a reversionary yield of around 10%.
Simon Cook, director of Roger Hannah & Co which will be managing the investment, said: “The acquisition of Bridge Trading Estate rep... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
