Phillips Sutton advise on the acquisition of 187,000 sq ft industrial unit on Alderman’s Green Industrial Estate, Coventry.
Acting on behalf of AEW UK, Phillips Sutton Associates have provided acquisition advice on the freehold interest in a 187,000 sq ft unit let to George Wilson Industries in Coventry.
The warehouse unit is the UK headquarters of George Wilson Industries who are involved in the manufacture and distribution of utility metres for the commercial and domestic markets.
The acquisition, which was transacted off market was purchased for a price of £3.5 million which reflected a net initial yield of 11.5%.
