Terberg Matec UK Limited

Terberg Matec UK Limited, Warrington

Acting on behalf of our clients Columbia Threadneedle, Metis have sold a prime warehouse investment opportunity located in Warrington for approximately £1.611m, reflecting a net initial yield of 6.99%.

The asset occupies an extremely prominent position on Leacroft Road, immediately adjacent to J11 of the M62 motorway and comprises two modern, well configured industrial units extending to 2,144.68 (23,085 sq.ft) in total on a self-contained site extending to 1.51 acres (0.61 ha). The property was let by way of two co-terminus, FRI leases let to Terberg Matec UK Limited with approximately one year left to the tenant break options.

Written by Jonathan Phillips
Published: Monday, 21 November 2016 20:22