Lismore Real Estate Advisors have advised a private investor on the acquisition of 17c Newbridge Industrial Estate from JCAM.
The property comprises an industrial unit extending to 28,748 sqft, let to WGM Engineering Limited on a new 10 year lease at an initial rent of £237,500 pa, subject to annual CPI indexation collared and capped 2%-5%, compounded 5 yearly.
The price of £3.15m reflects a net initial yield of 7.06%.
