Following a marketing campaign that attracted a huge amount of local and regional interest, Rushton Hickman went to best and final written bids in agreeing the sale of two industrial units on the edge of Burton town centre.
A scarcity of new and second-hand industrial availability has created a situation where Rushton Hickman are able to assist local landlords to seize the opportunity to capitalise on the market by breaking new ground in achieved rents and capital values. This has been illustrated perfectly by the recent sale of Units 1 & 2 Millers Lane where two tenanted industrial units on the edge of Burton upon Trent totalling circa 5,000 sq ft were sold and achieved an extremely strong yield.
Douglas Harvey, Senior Agency Surveyor at Rushton Hickman said “This is a prime example of how hot the market is right now. Competition amongst the investors to acquire these units was fierce and after just a week on the market and going to best bids, we achieved a sale price for our client that represented a very robust yield of 5.6%. This is historically a level of demand we have only seen for units occupied by ‘blue-chip’ national or international tenants, and to achieve this level for smaller units is we believe unparalleled in the local market.”
If you have any properties that you wish to let or sell then please contact the Rushton Hickman team on 01283 517747 or firstname.lastname@example.org