Commercial property firm's hat-trick of deals
THREE investment property deals in the south have beenÂ carried outÂ by commercial property consultancy Vail Williams LLP on behalf of a property investment company.
Wildbrook Investments bought 11,127 sq ft unit at Lynx Trading Estate, Yeovil,Â for Â£887,500 freehold. Net yield was 7 per cent.
Westbrook Acquisitions LLC, an investment management firm, sold the property, which is let to Euro Car Parts at Â£66,000 per annum until 2022.Â
Russell Miller,Â a partner at Vail Williams, said: '˜This is the third significant investment transaction for Wildbrook to date this year.Â We disposed of two properties for the client in Havant and AndoverÂ and acquired Yeovil for Â£887,500.'
Vail WilliamsÂ sold units 1-7 Beaver Industrial Estate and 28 Southmoor Lane in Havant, for Â£1,105,000 leasehold to a private company pension fundÂ in Chichester.Â As a multi-let investment, the net rental income per annum was Â£114,528.
In an off-market deal, Vail Williams disposed of 14,273 sq ft units A and B, Rennie Gate, Andover, for Â£750,000 to the same pension fund. Yield was 8.52 per cent.