Investors snap up industrial estate in £1m deal
A Worcestershire industrial estate has been acquired by property investors in a deal worth more than £1m.
Harris Lamb was instructed to sell Manorside Industrial Estate, a 13,285 sq ft starter unit opportunity in Redditch, on behalf of a private overseas investor.
The successful buyer purchased the site for in excess of the quoting price of £995,000, representing a 7.75% yield.
The estate, which is fully let, attracts a net income of more than £80,000 per year.
The area is particularly attractive to investors at the mom... For the full story register now for free or login below...