Acting on behalf of BDO LLP Wadham & Isherwood are very pleased to announce the sale of this investment at the recent Acuitus Commercial Auction.
The unit has been sold to a private investor for a price of £466,000 reflecting a net initial yield of 7.59%.
Prior to the auction sale Wadham & Isherwood were instrumental in re-gearing the lease and increasing the rent. A new 10 year lease with a 6 year tenant only break was negotiated and the rent brought up to £38,000 per annum.
For further information please contact Nick Reeve 01252 710822 firstname.lastname@example.org