Multi-Let Industrial Investment, Banbury

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.

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