Cheltenham based Charlton Haynes buys multi let industrial estate

The Beaver Centre

Cheltenham based Charlton Haynes Ltd, which specialises specialise in the acquisition, development and improvement of UK property and land has bought a multi-let industrial estate in Northamptonshire.

Banbury-based White Commercial Surveyors sold the 14 unit fully-let ‘Beaver Centre’ in Woodford Halse based between Daventry (M1) and Banbury (M40).

The estate, totalling 19,882 sq ft, currently provides a rental income equating to £77,400 pa and White Commercial Surveyors invited offers in excess of the quoting price of £1.4 million.

Chris White of White Commercial said: “This is an excellent purchase for Charlton Haynes.”

Investment into the UK industrial and logistics market totalled a record £6.0 billion in Q1 2021, doubling the £2.7 billion recorded in Q1 in 2020 and up 54% on the previous record in 2018.

Stephen Moore of Sampson Moore which advised on the deal, added: “The industrial investment market is extremely competitive at the moment so we are delighted to have secured this multi-let investment. The estate currently has low rents and offers excellent scope for refurbishment, active management and improvement in rental levels.”