A multi-let industrial/trade counter investment located in Bridgwater has been sold for £975,000 reflecting a net initial yield of 8%.
The freehold interest in Condor Quay Business Park has been sold by Parabola to a south west based Charitable Trust.
The multi-let block occupies a self-contained site of 1.44 acres with prominent roadside location fronting the busy East Quay, a short walk from the town centre and Bridgwater’s main retail park. It comprises six units totalling 16,356 sq ft and the occupiers include City Electrical Factors and YHC Hire Services.
The investment generates a current rent of £82,850 per annum.
Hartnell Taylor Cook LLP and Caisson Investment Management advised Parabola and Stratton Creber Commercial advised the purchaser.