Weldon South Industrial Estate, Cronin Road, Corby NN18 8AQ
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£2,200,000
Dec 2021
AP Investment has completed the purchase of a retail warehouse investment in Corby let to Argos on behalf of private clients of Birmingham based Blue Marble Asset Management.
The unit is branded as Argos’s Clearance Bargains and they have traded from the store for over 25 years.
The 27,000 sqft unit lies on a site of 2.31 acres and has 120 car spaces. The property is situated at the entrance of the Weldon South Industrial Estate with frontage out onto the A43.
The unit, which is let to Argos until December 2024, has a passing rent of £187,000, only £6.92 per sqft.
The property was purchased for just over £2.2m reflecting a net initial yield of 7.95%.
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