Unit 1, Station Road, Elmswell, IP30 9HA
sold
£197,500
Dec 2009
Franck-Steier Price Ltd (FSP) has recently concluded the sale of an industrial investment at Station Road Industrial Estate in Elmswell on behalf of Kindale Ltd.
The property comprises a 1980’s industrial unit of 439 sqm (4,726 sq.ft) situated on Station Road Industrial Estate which is located just off the A14 between Bury St Edmunds and Stowmarket.
The property is let on a 15 year lease from January 1996 to Euro Food Machinery Ltd at a passing rent of £19,750 per annum. Part of the property had been sub let.
The purchaser was a private local company, who paid £197,500, reflecting a net initial yield of 9.73%, after purchaser costs.
