THREE investment property deals in the south have been carried out 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, for £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 £66,000 per annum until 2022.
Russell Miller, a partner at Vail Williams, said: ‘This is the third significant investment transaction for Wildbrook to date this year. We disposed of two properties for the client in Havant and Andover and acquired Yeovil for £887,500.'
Vail Williams sold units 1-7 Beaver Industrial Estate and 28 Southmoor Lane in Havant, for £1,105,000 leasehold to a private company pension fund in Chichester. As a multi-let investment, the net rental income per annum was £114,528.
In an off-market deal, Vail Williams disposed of 14,273 sq ft units A and B, Rennie Gate, Andover, for £750,000 to the same pension fund. Yield was 8.52 per cent.