Levy buy single let warehouse for Capital Industrial in Wandsworth 05.06.14
Capital Industrial led by former Rugby Capital director Roger Montaut have secured their second asset in Wandsworth town centre with the purchase of Unit 4 Wandsworth Trading Estate. The single let warehouse extending to 29,310 sq ft (2723 sq m) is occupied by Fisher Productions Limited and was purchased at £4.15m equating to an NIY of 6.25%.
Industrial partner Simon Higgins commented, “we were delighted to be able to identify the opportunity in what is a tight London industrial investment market where supply is short and competition great. This has further driven down industrial yields on both single-let and multi-let estates across the capital. We have numerous clients seeking similar stock and would urge owners to consider their industrial holdings and as to whether now could be the time to sell given the demand and pricing”.