Burley Browne completes industrial investment sale

Commercial | 31.03.2023

Commercial property consultancy Burley Browne has completed the off-market sale of an industrial investment property in Derbyshire.

A 40,000 sq ft modern industrial/warehouse unit adjacent to Hearthcote Road, Swadlincote, has been acquired by a private property investment company.  

The transaction involved a sale and leaseback to Burley Browne’s unnamed client at an agreed sale price in excess of £3 million, reflecting a net initial yield of approximately 7.7% after costs.

The property includes a warehouse area benefitting from an eaves height of 8.5 metres with two level access loading doors. It incorporates a reception area leading on to a boardroom and showroom. To the first floor there are additional offices with a personnel lift. It sits within a total site area extending to 2.04 acres with ample parking together with a yard which is accessed via a secure barrier entry system.

Ben Nicholson, senior associate director at Burley Browne, said: “We are thrilled to have been able to secure the sale and leaseback of these well presented premises on behalf of our client and kick 2023 off with such positivity. Following receipt of instructions in September 2022, we commenced off-market negotiations with parties during a difficult and uncertain economic period in the last quarter the year. 

“However, this sale clearly demonstrates the confidence industrial warehouse investment opportunities still command which generated competing bids. We are delighted to have been able to secure the sale in a well managed time frame to avoid any disruption to our client’s business operation.”

Burley Browne is one of the West Midlands’ leading independent commercial property consultants. It provides a comprehensive range of commercial property services to a wide variety of clients. These include private individuals and small businesses, through to pension funds, banks, property investors and developers, multi-national companies and national retail and leisure operators.