The freehold interest for the park in Old Wolverton, Milton Keynes for was sold for £14.1m
The property, which was sold by Schroder Exempt property Unit Trust, is a 1980’s built multi let industrial estate. It comprises 29 units providing a total 188,120 sq ft (17,477 sq m) in space.
The total income, including 12-month rental guarantees on 4 vacant units, is £918,180 a year, which equates to £4.88/sq ft (£52.52/sq m) and the average weighted unexpired term is around 4.6 years.
The purchase reflected a net initial yield of 6.2%.