National Friendly,
have sold the freehold of Unit A, Reg’s Way, Bardon 22, Coalville,
Leicestershire LE67 1FL to an institutional client of Cushman and Wakefield LLP
for £2,000,000 reflecting a net initial yield of 6.9%.
The
property comprises a warehouse unit of 30,732 sq ft (2,855 sq m), with integral
two storey offices. The entire property is let to Pura Bathrooms Ltd on a full
repairing and insuring lease for a term of 10 years from May 2015 at an initial
rent of £146,000 per annum exclusive, subject to an upward only rent review and
tenant break at the end of the 5th year.
Mellersh & Harding
LLP acted for National Friendly and Cushman &
Wakefield LLP acted for the purchaser.
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