WHITE COMMERCIAL WIN OVER WINDOVER COURT HUNTINGDON WITH £1.7M SALE OF INDUSTRIAL ESTATE
Windover Court Industrial Estate in Huntingdon, Cambridgeshire, has been sold in two lots by White Commercial Surveyors.
The estate, totalling close to 30,000 sq ft in six units, comprised lot 1 (just over 17,000 sq ft) and lot 2 (just over 12,000 sq ft) and were for sale for £960,000 and £775,00 respectively.
Lot 1 comprised five fully let units with a net rental income approaching £78,400 per annum exclusive, and was sold to The Pears Group www.pearsproperty.co.uk Lot 2 was sold separately to a private investor who is planning to lease the building.
Huntingdon is home to a multitude of international businesses including ABB Bosch and Hotel Chocolat, with the region boasting a thriving small to medium sized business sector, with over 60,000 enterprises and 700,000 jobs generating over £30 billion per annum. White Commercial Surveyors acted for an in-house client having managed the estate for over 10 years.
Ben Grossmann of Pears Property commented “Windover Court is a well let industrial asset in an excellent region that will fit well within the group’s holding”.
Chris White, Managing Director at White Commercial, said: “Having managed this Estate for the past 10 years we were pleased with the level of interest shown by investors where the rental return on the price invested/achieved and the potential increase in the rent due to the positive economic circumstances of the region will provide both purchasers with a good return on their investment”.