Property overview

Franck-Steier Price Ltd (FSP) has recently completed the acquisition of a single let industrial sale and leaseback investment in Witney on behalf of Clipstone.

The modern detached unit comprises 11,218 sqft with additional mezzanine storage and production areas. 

The unit was let on a new 16 year lease Meech Static Eliminators Ltd.  There is a tenant break option at Year 11. The initial passing rent is £88,500 per annum.

The property was purchased for £1,287,000 which represents a net initial yield of 6.5%, assuming full costs of purchase of 5.8%. 

Carter Jonas acted for the vendor.