Purchased in May 2022 for £4.325m with vacant possession, this 26,625 sq ft former light industrial unit was fully refurbished and split into four units, with planning secured to extend the terrace to create a total of eight units (42,710 sq ft). Phase 1, comprising four units and let to a strong tenant line up including Screwfix, Howdens and Toolstation, was refurbished and sold for £6.225m, reflecting a yield of 5.75%. With planning granted for Phase 2, three of the four new units are already pre-let or under offer.
