Container Components Europe, Holemwood Industrial Park, Chesterfield S42 5UXMake an enquiry
AP Investment has completed the acquisition of a sale & leaseback industrial investment on behalf of Custodian REIT.
The early 2000s industrial unit is located on Holmewood Industrial Park, Chesterfield two miles from J29 of the M1.
The two bay 48,000 sq ft unit was let on a 20 year term to Container Components Europe Ltd. The lease has 5 yearly rent reviews to compounded CPI with annual collars and caps of 2% & 4%.
The unit was let off a rent of £4.75 per sqft.
The property was acquired for £3,500,000 which showed an initial yield of 6.1%.
JLL acted for the vendor.
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