Powell Lloyd has recently acted on the purchase of the Dovril Ltd property portfolio on behalf of City & Provincial Securities Limited. The properties are located at Swansea West Industrial Estate and The Vale Business Park, Cowbridge and comprise thirteen industrial warehouses on occupational tenancies and two income producing ground rents. The portfolio was transacted by way of a company sale for a total sum of £1,825,000.
James Sanders, Director at Powell Lloyd stated ‘all the properties are well located and have a good pool of both local and wider UK demand from occupiers. The rents are reversionary and our client can now actively manage the assets within the parameters of a very strong industrial market’.
Mark Hirons, director of Hirons Morgan Yapp acted on behalf of the vendor.