The South Coast capital markets team at property consultancy Lambert Smith Hampton (LSH) has achieved the successful sale of an industrial investment unit at Chancerygate Business Centre in Southampton on behalf of Minton Southampton LLP.
The 2,667 sq ft unit, which comes with parking, was sold for £249,000, with a net initial yield of 8.1 per cent, to Hans Motor Holdings Ltd, which already has a ten-year lease from October 2009.
The sale was completed through CSC Retirement Benefit Scheme, a small self administered scheme (SSAS) for R&M Electrical.
Sarah Capon, capital markets surveyor at LSH’s office in Southampton, said the sale was the latest in a number the firm has presided over this year. "The increased activity demonstrates that the region is showing major signs of recovery and is a location that local, regional and national investors are keen to invest in."
“This sale is a good example of investors who are looking to the regions for higher yields and are attracted to locations, covenant and buildings with good fundamentals.”
Written by Richenda Oldham
9 Jan 2017
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