Investors snap up industrial estate in £1m deal
A Worcestershire industrial estate has been acquired by property investors in a deal worth more than £1m.
Harris Lamb was instructed to sell Manorside Industrial Estate, a 13,285 sq ft starter unit opportunity in Redditch, on behalf of a private overseas investor.
The successful buyer purchased the site for in excess of the quoting price of £995,000, representing a 7.75% yield.
The estate, which is fully let, attracts a net income of more than £80,000 per year.
The area is particularly attractive to investors at the mom... 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...