Drake Commercial, along with joint agents, Hadlands are delighted to announce the sale of 35-41 Cornwell Business Park, Northampton. The estate which was fully let comprised 4 units totalling 21,671 sq ft.
Joe Smith, Partner at Drake Commercial commented “Both Hadlands and ourselves have worked closely with the landlord over the past few years having secured three new lettings on the estate to good tenants on long term leases. The prime location and reversionary nature of the investment meant there was strong interest in the estate resulting in a number of interested parties who tabled offers. We are delighted to have secured a sale for our client which underlines the strong appetite from investors for well let multi let industrial estates in Northamptonshire and the wider region.”
The estate was sold to a private investor at a NIY of 7%.