Freehold Industrial Investment Acquired

Following a summer of acquisitions, we’re delighted to announce another purchase – this time a £4m off-market transaction of two industrial properties close to the M1 on Platts Common Industrial Estate in Hoyland, near Barnsley.

The deal was struck with Metalliform, a long-established British manufacturer, in a £4M sale and lease back of its two premises on Chambers Road. Earlier this year,

Metalliform Holdings ltd, which has been established in Barnsley for over 75 years, has signed a 20-year lease of each property, no breaks, with 3%pa collar rent reviews at a total passing rent of £400,000 per annum, providing a low overall rent of £3.20 per sq ft. The properties provide a total of 125,000 sq ft across two sites of 5.5 acres

 

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