Lionbrook Property Partnership has sold two industrial units at the Middlemarch Business Park, Coventry, to private investors managed by Scottish Widows Investment Partnership for a combined figure of £8.26m.
The price reflects an initial yield of 7.54%. The two properties are let on long leases to Booker and Edscha which are due for review in March 2004 and May 2003 respectively.
Baring Houston & Saunders acted for Lionbrook while Nelson Bakewell represented Scottish Widows.
{{PROPERTY }}
- Hot Topics
- Coronavirus
 Tuesday 29 September at 5pm |
|
|
Related articles
NewsTesco to raise £300m from Thai property sell-off
Tesco is bidding to unlock hundreds of millions of pounds from its Asian property empire. Its Thai subsidiary, Tesco Lotus, is looking to raise more than £300m via an initial public offering for a new property fund secured against 15 of its hypermarkets in Thailand.
- News
£1m Arrowcroft deal
Arrowcroft Leisure has bought a 35,000 sq ft property in Market Place, Rugby, Warwickshire, for £1.1m. It comprises two retail units let to Greggs and V Shop with offices above. Rent roll is £90,600 a year and the price reflects an initial yield...
- News
£1.6m shopping centre deal
Private investors have paid £1.65m for units 3a and 3b at Middleton district shopping centre in Leeds. The 21,285 sq ft property is held on a 125-year lease less 10 days from December 1983 at a peppercorn rent. The price reflects an initial yield...
Sign in to comment on this article
Not logged in before? Register for FREE guest access today.
You will be able to:
- Read more stories
- Receive daily newsletters
- Comment on stories
More Topics
- Analysis & Features
Edge & Son: 'gene to fork' process reaps rewards for butcher
With their wealth of farming knowledge and expertise on nose to tail butchery and native breeds, it quickly becomes clear
- News
Grocery gets behind the NHS MissingType blood donation campaign
You won’t miss it when you give it; but patients could miss it if you don’t.
- Analysis & Features
Grocery's global gold winners
The global grocery sector has few rivals when it comes to sheer size, growth rate and appetite. Here are the players leaving the rest of the competition behind
No comments yet