Harrison Court Hilton Business Park, Hilton, DE65 5UR
Multi-let Industrial Investment Sold
Richard Wright
• Located within immediate proximity to the A50, the link road to both the M1 and M6
• Situated within Hilton Business Park in the heart of the Midlands
• The estate comprises three terraces separated into 8 units (4 sold off long-leasehold), providing a total gross internal area of 49,250 sq ft
• Let to 3 tenants on 4 separate leases with a total rent income of £134,065 per annum, reflecting a low rent per sq ft of £5.77
• An average weighted unexpired lease term of 3.89 years to expiries and 2.24 years to breaks
• CPP sold the property on behalf of St Mowden for £1,975,000 which reflects a Net Initial Yield of 6.39%