Drake Commercial, acting on behalf of a private investor, have completed the sale of an industrial investment on Lodge Farm Industrial Estate in Northampton. The property, let to Burnetts Manufacturing Ltd, comprises a detached industrial building of 12,715 sq ft
Nicholas Roberts, Drake Commercial comments, “the investment market, and particularly the industrial investment market, has remained active during the pandemic lockdown and there are a number of both private and institutional investors active in the market looking for these types of opportunities which is encouraging”.
The guide price was £995,000 which represented a net initial yield of 5.9%. TDB Real Estate acted for the purchaser.