Mon, 22 Nov 2021 | COMMERCIAL PROPERTY
Real estate investment company, Schroder Real Estate Investment Trust (Schroder REIT) has announced it has paid £19.85 million for four industrial assets in the North West.
The acquisitions are for Valley Road Industrial Estate in Birkenhead, a manufacturing and recycling facility on Haydock Industrial Estate and two assets in Sandbach, Cheshire, which reflect a net initial yield of 6.9 per cent and a capital value of £53 per sq ft.
Valley Road Industrial Estate is a 10-acre estate and the acquisition reflects a net initial yield of 6.8 per cent, a reversionary yield of 7.8 per cent and a low average capital value of £60 per sq ft. The estate was valued at £11.4 million in the deal and tenants include Balfour Beatty, frozen food supplier KPFF and gift and voucher business Park Retail.
The Haydock Industrial Estate is 98,5551 sq ft and leased until January 2031 to Coral Product (Mouldings) Ltd, which was recently acquired by a subsidiary of the Canadian IPL Plastics Group.
Schroder REIT has let the two sites in Sandbach to Newfield Fabrications, a steel fabricating business for a combined £3.6 million. Once completed, SREIT’s net loan to value will be 34.7 per cent, with cash of £11.8 million and remaining undrawn loan facilities totalling £6.8 million.
One of the best ways to find properties below market price is to look at recent administrations.
Metal manufacturing and welded assembles business including Laser cutting, robotic welding, press brake etc. Annual turnover: £1,000,000 (Can be relocated into another business with ease) Annual Net Profit: £60,000 (Last six months) plus add-b...
LEASEHOLD
Highly regarded business operating over a span of 22 years. Manufactures, supplies and installs a comprehensive range of bedroom and bathroom furniture for prestigious housebuilders.
LEASEHOLD
A leading manufacturer and supplier of roofing supplies to trade and private clients, providing a fully bespoke fabricating and manufacturing service to fit client requirements. Benefits from circa 111 active clients, 98% of whom provide the company...
LEASEHOLD
|
06
|
|
Dec
|
South Wales garden centre put up for sale | BUSINESS SALE
A well-known family-run garden centre in South Wales has bee...
|
03
|
|
Dec
|
Halfords to acquire £157m-turnover Axle Group Holdings for £62m | BUSINESS SALE
Halfords Group has announced that it will acquire automotive...
|
02
|
|
Dec
|
Staycation M&A surge continues as Midlothian plans £170m Park Leisure sale | BUSINESS SALE
Midlothian Capital Partners is reportedly exploring a potent...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources