Case study · Industrial Breakup
Brazil Close, Beddington Farm Road, Croydon
Acquired and sold on behalf of Wallop Estates
- Freehold industrial estate
- Three industrial/warehouse units totalling 61,593 sq ft
- Let to D & B 5A1 rated covenant with over 13 years unexpired
- Units 3 & 2 sold to owner occupiers in Feb '10 and Dec '11
- Following targeted off-market discussions, the remaining unit was sold to a UK pension fund for 6.85% NIY
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