The property is let to Howdens Joinery for a further 8 years and provides a rent of £50,000 p.a.
Will Sandwell, Investment Partner at Galbraith Commented:
This sale demonstrates the importance of UK coverage for investment sales, no matter what the size. The serious interest was from private investors, all seeking small, secure investment with good fundamentals. It is positive to see continued investor appetite in the market and for this northern location.
Property agents Galbraith and MWM Property Consultants marketed the building for clients of industrial specialist Cedarwood Asset Management. The purchaser, a private property company from Northern England, was represented by Leeds based Brakenridge Hanson Tate.