Industrial Investment Sale Completed Under Lockdown
Published May 20th, 2020
Berrys has successfully completed the sale of an industrial investment on Whittle Road in Corby. On behalf of an overseas client, Berrys was instructed to sell the freehold investment, let to Smurfit Kappa.
Marketing commenced in January 2020, early interest resulted in several viewings prior to the lockdown period. The property was marketed at a price of £1.95 million exclusive, subject to the terms of the occupational lease.
“We predicted strong interest in the property due to its location and sector” stated Simon Parsons (Head of Development and Investment Agency). “The investment offers the ability to add value and increase the overall size of the building and we know that many investors are attracted to opportunities where they can actively improve the returns”.
The property purchase was completed under lockdown, with the vendor delighted by the active approach taken and the purchaser’s willingness to ensure they completed on an agreed timetable.
Simon added “This transaction reflects the strength of the sector and indeed there are a variety of investors seeking opportunities to work with real estate owners and provide comparatively high capital values in return for income”.
If you are commercial property owners and would like advice on investment opportunities and capital release, please contact in confidence Simon Parsons on 07711 042330 email email@example.com.