Trafalgar Industrial Estate, Sovereign Way, Downham Market, PE38 9SW
Acting on behalf of Hansteen, Franck-Steier Price Ltd (FSP) has concluded the sale of this multi let industrial estate investment in Downham Market.
The estate totalled 15,514 sqft in 10 starter units. The estate was let with a total passing rent of £79,360 per annum. Rents ranged from £4.90 – £6.00 per sqft.
The purchaser was a private property company, who paid a price of £940,000, reflecting a net initial yield of 7.98%. Carter Towler acted for the purchaser.