LIGHT INDUSTRIAL INVESTMENT SOLD

LIGHT INDUSTRIAL INVESTMENT SOLD

INVESTMENT SALE

Acting on behalf of a private client, Tim Harries & Partners have sold a small 3-unit modern light industrial workshop investment in Daventry, Northamptonshire.

The property is situated on Drayton Fields Industrial Estate, to the north west of Daventry, an established industrial location within the town’s ring road, and within 10 minutes’ drive time of Daventry International Rail Freight Terminal (DIRFT) and the M1 motorway.

Let to an independent automotive business on a lease with approximately 8 years unexpired, the investment sold to a local private investor for a price ahead of guide, representing a net yield of 7.25% after costs.