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Investment Acquisition

Hat-trick of acquisitions for Network Space, Yorkshire

Client: Network Space Limited

 

  • Three single-let warehouse units
  • 84,000 sq ft
  • £5.15 million

 

Acting on behalf of Network Space, GV have acquired three separate warehouse / distribution units across Yorkshire within a six month period.

The three units totalled approximately 84,000 sq ft and were acquired in separate transactions for a combined value of £5.15 million.

The properties offered a range of income streams and opportunities incorporating the following:

  • Silkstone Court, Barnsley – Modern single-let distribution facility of 52,400 sq ft let to Symphony Group on a reversionary income stream.
  • Centurion Business Park, Rotherham – Vacant modern warehouse unit of 15,600 sq ft. Let within 3 months of the acquisition to Pilkington Glass on a new 10 year lease.

Willowbridge Way, Castleford – Modern warehouse unit of 16,000 sq ft. Let to a long standing tenant on a new 10 year lease with a tenant break.