White Commercial Surveyors have successfully sold another multi-let industrial estate, the 14 unit fully-let ‘Beaver Centre’, located in Northamptonshire at Woodford Halse, located between Daventry (M1) and Banbury (M40). The estate, totalling 19,882 sq ft, currently provides a rental income equating to £77,400 pa and White Commercial Surveyors were inviting offers in excess of the quoting price of £1.4 million.
White Commercial conducted a 4-week marketing campaign in December 2021 and created substantial interest from Investors nationwide, resulting in over 10 proposals from investors wishing to acquire the site for its current and future potential rental income; with 6 proposals received in excess of the asking price! The estate was subsequently sold in January 2022 to Charlton Haynes Ltd, who are based in the South West of England and specialise in the acquisition, development and improvement of UK property and land, ably advised by Stephen Moore of Sampson Moore.
Chris White of White Commercial comments: “This is an excellent purchase for Charlton Haynes. White Commercial have a substantial and active database of regional and national investors actively seeking to purchase income producing investments in the region – and our proactive marketing efforts created strong demand for this property resulting in an excellent result for both vendor and purchaser.”
Investment into the UK industrial and logistics market totalled a record £6.0 billion in Q1 2021, doubling the £2.7 billion recorded in Q1 in 2020 and up 54% on the previous record in 2018.
Stephen Moore of Sampson Moore commented: “The industrial investment market is extremely competitive at the moment so we are delighted to have secured this multi-let investment. The estate currently has low rents and offers excellent scope for refurbishment, active management and improvement in rental levels.”
