Arrowe Commerical Park, Arrowe Brook Road, Upton, Wirral, CH49 1SX
Acting on behalf of Hansteen, Franck-Steier Price Ltd (FSP) has concluded the sale of this multi let industrial estate investment on the Wirral.
The estate totalled 83,086 sqft in 19 refurbished units. All but one unit on the estate was let. The total passing rent was £288,100 per annum. Rents ranged from £3.00 – £6.00 per sqft.
The purchaser was Dunedin Brockton, who paid a price of £3,220,000, reflecting a net initial yield of 8.46%. LSH acted for the purchaser.