Windover Court Industrial Estate in Huntingdon, Cambridgeshire, has been sold in two lots by White Commercial Surveyors.
The estate, totalling close to 30,000 sq ft in six units, comprised lot 1 (just over 17,000 sq ft) and lot 2 (just over 12,000 sq ft) and were for sale for £960,000 and £775,00 respectively.
Lot 1 comprised five fully let units with a net rental income approaching £78,400 per annum exclusive, and was sold to The Pears Group. Lot 2 was sold separately to a private investor who is planning to lease the building.
Huntingdon is home to a multitude of international businesses including ABB Bosch and Hotel Chocolat, with the region boasting a thriving small to medium sized business sector, with over 60,000 enterprises and 700,000 jobs generating over £30 billion per annum. White Commercial Surveyors acted for an in-house client having managed the estate for over 10 years.
Ben Grossmann of Pears Property commented “Windover Court is a well let industrial asset in an excellent region that will fit well within the group’s holding”.
Chris White, Managing Director at White Commercial, said:
“Having managed this Estate for the past 10 years we were pleased with the level of interest shown by investors where the rental return on the price invested/achieved and the potential increase in the rent due to the positive economic circumstances of the region will provide both purchasers with a good return on their investment”.
