Client: Columbia Threadneedle
Single-let Distribution Warehouse
190,500 sq ft
Acting on behalf of Columbia Threadneedle, GV acquired this 190,500 sq ft distribution Warehouse for £8.86 million, which reflected a net initial yield of 8.2%
The property is let to The Co-Operative Group Limited and utilised as a national distribution centre for electrical and white goods.
At the point of acquisition there was approximately 9.25 years unexpired on the lease which was subject to a fixed uplift at the fifth anniversary of the term.
The unit comprises a modern and well configured distribution centre located within 1 mile of the M1 motorway, built to an institutional specification.