Industrial Investment Disposal Leicester
Acting on behalf of a London based property company, Budworth Hardcastle have sold a 24,000 sq.ft. detached production unit on the Meridian Business Park Leicester. The property is let to Noble Automotive Ltd at a rent of £107,000 pa on a lease term with two years left to run. The investment offered a number of asset management opportunities. A Leicester based investment company acquired the property ‘off market’ at an initial yield of just over 5.25%
