The Preston Brook Partnership acquired Units 1 & 2 Wellfield Business Park, Preston Brook, Cheshire from Glanmore Property Fund for £1.98 million equating to 8.18% net yield.
Unit 1 extends to 7,147 sf with 27 car spaces and is let to Zymark Ltd on a 15 year FRI Lease from December 1996 with 5 yearly upward only Rent Reviews at £86,000 pa (£12.03 psf inc. parking).
Unit 2 extends to 6,091 sf offices with 34 car spaces and is let to Allied Dunbar Assurance Plc on a 15 year FRI Lease from December 1996 with 5 yearly upward only Rent Reviews at £76,000 pa (£12.48 psf inc. parking).
Subsequently Unit 1 (pictured above) has been sold on to United Estates Services Ltd for £1.03 million equating to 7.9% yield.
Fifield Glyn (01606 351351) acted for The Preston Brook Partnership throughout, Cardales (020 7629 6604) acted for Glanmore Property Fund and Lambert Smith Hampton (0161 228 6411) acted for United Estates Services Ltd.