Strong Demand for Investment Opportunities

Underwoods have recently completed the sale of an industrial investment property at 3 Vaux Road, Wellingborough following strong demand during the marketing period. The premises comprise quality modern accommodation occupying on a generous site extending in all to 1.083 acres, with potential for future expansion and development. Let to Wyvern Cargo, a successful haulage company headquarters in Poole, Dorset, at a passing rent of £60,000 per annum on a 10 year lease, the quoting price represented an 8% gross return on the investment.

Given the relatively poor returns which are available through alternative investments there is a good appetite for quality investment property in the region as the occupational markets continue to show encouraging levels of growth. This is a trend Underwoods forecast to continue given the recent relaxation of pension rules allowing lump sum withdrawals which would facilitate investment in bricks and mortar, a traditional cornerstone of the market.

If you need further advice in respect of purchase, sale, valuation or future management of investment property please contact Underwoods on 01604 404060.

Robert Keeves

01604 774143

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Strong Demand for Investment Opportunities

Underwoods have recently completed the sale of an industrial investment property at 3 Vaux Road, Wellingborough following strong demand during the marketing period. The premises comprise quality modern accommodation occupying on a generous site extending in all to 1.083 acres, with potential for future expansion and development. Let to Wyvern Cargo, a successful haulage company […]