Barker Storey Matthews’ Huntingdon office has negotiated the sale of a multi let industrial investment opportunity at Halcyon Court in Huntingdon to an offshore investor.
Halcyon Court is a modern development of 22 light industrial units ranging in size from 600 sq ft to 1,200 sq ft. The development is situated on the Stukeley Meadows Industrial Estate in Huntingdon and comprises a multitude of tenants.
The Multi let investment was placed on the market in July 2015 and terms were quickly agreed with an offshore investor. The final sale price was just over £1.5m reflecting a net initial yield of 7.8%.
Alan Matthews, Director at Barker Storey Matthews, commented “There is strong demand for this type of multi let industrial investment in the market. Commercial property investments, particularly those that benefit from multiple occupancy, provide a secure return for investors and as such are highly sought after”.
