SECOND ACQUISITION FOR INVESTOR CLIENTS ON M1 BUSINESS PARK

SECOND ACQUISITION FOR INVESTOR CLIENTS ON M1 BUSINESS PARK

On behalf of investor clients who had previously acquired a unit in the first phase of this modern, strategically-located M1 Corridor business park, Tim Harries & Partners negotiated the off-market acquisition of a larger unit in the second phase of the development, which had just been let to Chubb for 10 years, boosting the investor’s holdings in this sector.

The property was acquired for a price of £540,000 which reflected a net initial yield of 8.5%