Industrial Investment Sale

Matthews & Goodman’s investment team has completed the sale of a modern industrial investment at Farley Park, Wingates Industrial Estate, Bolton.

Acting on behalf of a private company, the team advised on the optimal leasing profile to maximise investment value. The 18,184 sq ft unit was let to BHW Print Group on a new 10-year lease without break from completion, at an initial rent of £100,000 p.a. The rent is subject to RPI linked reviews.

Following a competitive bidding process, the property was sold to private clients of property advisors Edwards & Co at an enhanced price of £1,510,000, reflecting a net initial yield of c6.25%.

Investment partner Dominic Evans commented, “The price achieved reflects the high level of demand from a broad range of investors for well located, well specified and sustainably leased industrial investment opportunities. Not only did our client achieve their desired exit of the property, they did this within a predefined timescale and at an enhanced value”.

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Dominic Evans
Dominic Evans 04 November 2019

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