Phillips Sutton advise on the acquisition of a 151,000 sq ft multi-let industrial estate in Banbury
Advising Tilstone Investments LLP, Phillips Sutton Associates have provided advice on the acquisition of Tramways Industrial Estate in Banbury.
The investment comprises a mulit-let industrial warehouse scheme of 151,000 sq ft in 10 units let to 4 tenants producing £549,871 per annum.
The purchase price equated to just over £5.5m, a capital value of £36 psf and a NIY of 9.44%.
The vendor was represented by GVA.