Walton Summit warehouse sold for £2.4m

AN industrial warehouse at Walton Summit Industrial Centre at Bamber Bridge near Preston has been sold for almost £2.4m.

The building 86,155sq ft facility was sold by Cushman & Wakefield on behalf of a client of F&C REIT.

The sale price of £2.346m reflected a net yield of 12.5%. Karlin Real Estate acquired the self-contrained building, which is fully let to Prestoplan, a subsidiary of Taylor Wimpey, until January 2016.

It benefits from motorway access directly to the M6, M61 and M65.

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