TRADE COUNTER INVESTMENT SOLD

TRADE COUNTER INVESTMENT SOLD

INVESTMENT SALE

Acting on behalf of overseas Trustee clients, Tim Harries & Partners have completed the sale of a modern trade counter investment in Lincoln.

Located in North Hykeham in Lincoln, the 14,500 sq ft warehouse with 5,000 sq ft mezzanine is let to MKM Building Supplies Limited on a lease with 7 years unexpired.

Sale of the freehold attracted considerable interest, ultimately selling to a quoted REIT for a price over 15% above guide and reflecting a net initial yield of sub 7% on passing income (8.25% “topped-up” income).