Investment News and Deals
Pembroke Dock Lambert Smith Hampton has sold a speculative industrial complex in Pembroke Dock. Acting on behalf of Cambrian Windows Ltd, LSH and local agent Guy Thomas & Co, have sold Thomas Court and Unit 1 London Road, Poolman Court for the sum of £1.57m. The 5,716.79 sq m (61,535 sq ft) multi-building development has been purchased by Cardiff based property investors, Penarth Estates Ltd. The site forms part of the former Welsh Development Agency development off London Road, on the fringe of Pembroke Dock. The size of units range from 223.04 sq m (2,401 sq ft) and 2,229.64 sq m		(26,152 sq ft). At the time of the purchase only one tenant existed in a small unit at Poolman Court. The buildings are a mixture of freehold and long leasehold. Merthyr Tydfil Acting on behalf of E P L, Emanuel Jones have sold 50 High Street, Merthyr Tydfil to private clients for £700,000. The freehold is let to Orange for 10 years from 29 September 2007 at £43,500 pa, which represents at yield of 6%. Cooke & Arkwright represented the purchaser.