NR Investments the investment department of Nolan Redshaw are pleased to announce the completion of another prime investment. Pilsworth Industrial Estate was sold by NR Investments on behalf of a private client to a regional investment company at an initial yield of 6.95%.
The popular estate just off junction 3 of the M66 motorway, comprises of 27 individual industrial units which total approximately 25,000 sq ft.
Jonathan Pickles says: “Pilsworth Industrial Estate is an extremely popular, strategically positioned estate. It incorporates units of various sizes ranging from 500 -2,300 sq ft with a historically minimal vacancy rates and a variety of asset management opportunities. This investment was sold off the market which again reflect the strong demand for multi let industrial estates of this calibre.
