Travis Perkins, Units 1 & 2 Chorley Road, Chorley, Blackpool
Johnson Tucker acquired this securely let, single tenanted industrial investment in Q1 2013 on behalf of a north west based property company.
The property extends to 11,908 sq ft and comprises warehouse and trade premises on a site of 0.76 acres. The property is securely let to Travis Perkins Plc (t/a Keyline) on a 20 year lease with effect from September 2003.
The property was acquired at a price reflecting a net initial yield of 10.00%. The lease has 10 years unexpired.
Douglas Cranston commented, “This is a good example of a high yielding investment opportunity suitable for a property company or private investor which offers a secure long term return for fundamentally well located industrial accommodation underpinned by site value”.
For further information please contact Andrew Tucker.