News: Barbot Hall industrial units sold
Acting on behalf of CBRE Investors, the capital markets team at CB Richard Ellis in Leeds has sold six industrial units totaling 27,000sq ft at Barbot Hall Industrial Estate in Rotherham for £700,000.
An unnamed local investor has purchased the units, two of which are occupied by a chemical manufacturing firm, one occupied by Sky and three vacant units with the intention of undertaking a refurbishment programme to give the accommodation a new lease of life.
Robin Bullas, Associate Director for capital markets at CB Richard Ellis in Leeds, said: "This sale presented a good investment opportunity for the local investor given that 55% of the income is secured until 2015. We are witnessing renewed confidence in the investment market throughout the region and this latest deal is testament to the opportunities that are currently available within the marketplace."
Last month, 20 units on the Thornhill Industrial Estate in Rotherham sold at auction for £1.53m.
An unnamed local investor has purchased the units, two of which are occupied by a chemical manufacturing firm, one occupied by Sky and three vacant units with the intention of undertaking a refurbishment programme to give the accommodation a new lease of life.
Robin Bullas, Associate Director for capital markets at CB Richard Ellis in Leeds, said: "This sale presented a good investment opportunity for the local investor given that 55% of the income is secured until 2015. We are witnessing renewed confidence in the investment market throughout the region and this latest deal is testament to the opportunities that are currently available within the marketplace."Last month, 20 units on the Thornhill Industrial Estate in Rotherham sold at auction for £1.53m.
CBRE website
RotherhamImages: CBRE
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