Hampton Trust has sold the 53,805 sq ft (5,000 sq m) Trinity Hall Farm Industrial Estate, Cambridge, to Dencora Estates for £3.1m cash.
As at 31 March the property had a carrying value of £2.5m.
Trinity Hall is a freehold industrial property comprising 11 units let to a number of tenants. The net passing rent is £235,550 pa, representing an initial yield before costs of 7.6%.
The disposal forms part of Hampton Trust’s ongoing reorganisation of its asset base. It will use the proceeds to reduce bank borrowings.
EGi News 17/09/02
