Underwoods have recently completed the sale of an industrial investment property at 3 Vaux Road, Wellingborough following strong demand during the marketing period. The premises comprise quality modern accommodation occupying on a generous site extending in all to 1.083 acres, with potential for future expansion and development. Let to Wyvern Cargo, a successful haulage company headquarters in Poole, Dorset, at a passing rent of £60,000 per annum on a 10 year lease, the quoting price represented an 8% gross return on the investment.
Given the relatively poor returns which are available through alternative investments there is a good appetite for quality investment property in the region as the occupational markets continue to show encouraging levels of growth. This is a trend Underwoods forecast to continue given the recent relaxation of pension rules allowing lump sum withdrawals which would facilitate investment in bricks and mortar, a traditional cornerstone of the market.
Posted By: Robert Keeves
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Strong Demand for Investment Opportunities
Underwoods have recently completed the sale of an industrial investment property at 3 Vaux Road, Wellingborough following strong demand during the marketing period. The premises comprise quality modern accommodation occupying on a generous site extending in all to 1.083 acres, with potential for future expansion and development. Let to Wyvern Cargo, a successful haulage company […]
