NOLAN REDSHAW SELL 2.1 MILLION POUND INVESTMENT
Nolan Redshaw has negotiated the sale of Millingford Industrial Estate in Golborne, on behalf of Cumbernauld-based CNC Property Management.
The 7 acre site was sold to a Wigan-based property investment company, for a price in excess of 2.1 million pounds. The deal represents a net initial yield of approximately 8%, rising to over 10% within 6 months.
On the sale, Paul Nolan, Director of Nolan Redshaw, commented: "Once instructed by CNC to sell the property, we identified several interested parties. This allowed us to bring proceedings to a close quickly. The yield achieved clearly shows that there is an appetite for investments of this level in the industrial property market".
Nolan Redshaw has been retained as sole letting agent for the site on behalf of the new owner and will also manage the site through its property management service.
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NOLAN REDSHAW SELL 2.1 MILLION POUND INVESTMENT
Nolan Redshaw has negotiated the sale of Millingford Industrial Estate in Golborne, on behalf of Cumbernauld-based CNC Property Management.
The ...