INVESTMENT SALE

 

Victor Products, New York Industrial Park, Newcastle Upon Tyne

Client: Columbia Threadneedle

 

  • Single-let Distribution Centre
  • 71,000 sq ft
  • £3.377 million

 

Acting on behalf of Columbia Threadneedle, GV marketed and sold the long leasehold interest in this, single-let distribution / manufacturing facility centre totalling approximately 71,000 sq ft.

The investment was acquired by Hansteen Holdings for £3.77 million which reflected a net initial yield of 9.45%. The investment offered a short-term income opportunity with the ability to add value via re-letting the property at lease expiry.