Acting on behalf of an offshore pension fund, MK2 has advised on the acquisition of this modern industrial unit that extends to 2,362 sq. m (25,415 sq. ft.). The property is let on a new full repairing and insuring lease for a term of 10 years with the rent to be reviewed at years 3 and 5.
The property was purchased for a price of £1,401,000 reflecting a net initial yield of 6.88%.