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INVESTMENT AQUISITION

 

CRS, Broadway, Barnsley

Client: Columbia Threadneedle

 

  • Single-let Distribution Warehouse

  • 190,500 sq ft

  • £8.86 million

 

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.