Trade park sold in property investors in £1.66m deal
A Birmingham trade park has been sold to property investors in a deal worth £1.66m.
Quidnet Capital has sold the Albion Trade Park to Ribston UK Industrial Property Unit Trust in a deal that reflects a net initial yield of 5.37%.
The trade counter scheme, which lies on the A41 in Handsworth totals 13,519 sq ft (1,256 sq m) across four units. These are let to City Electrical Factors, One Call Accident Management and Halfords Auto Centres for a combined passing rent of £94,700 per annum.
Quidnet Capital was represented on the... For the full story register now for free or login below...