Commercial property agents Bond Wolfe has secured another million pound investment sale of a freehold modern warehouse/showroom in Bourton on the Water in Gloucestershire.
Such is the red hot demand for prime industrial investments that the sale for £1,435,000 went through in just 18 days from Heads of Terms being agreed.
Bond Wolfe has sold Unit J, Bourton Industrial Estate, on behalf of retained clients, which is currently let to Parlane Living Ltd on a renewed ten year lease.
The 14,7145 sq ft property has a passing rent of £93,417 per annum, with a fixed uplift to £103,417 per annum in November 2026, representing a net initial yield of 6.14 per cent.
James Mattin, managing director agency at Bond Wolfe in Birmingham, said: “This freehold unit occupies a highly visible corner plot within 0.25 miles of the A429 Fosseway and is let to a tenant who has been in occupation for over 20 years.
“The vendors are retained, long established clients of Bond Wolfe and we were pleased to achieve such a successful sale for them.”
Andy Price at AP Investment advised the purchasers. The vendors were represented by Terry Dickson of Leamington Spa law firm Wright Hassall.