In the past six weeks, UK Land’s continued growth has seen them spend a total of £14m on mixed commercial properties situated all over the country.
The biggest deal was the £5m paid for a portfolio of investments owned by N H Finance.
All the properties are freehold and consist of 133,000 sq ft of industrial space, 13,000 sq ft of shops and 20,000 sq ft of offices. The portfolio produces £428,000 pa.
Other purchases include the freehold of a vacant 37,000-sq ft site of potential B1 space at Curtain Road/Charlotte Street, EC2 — acquired for £2.3m.
A private family trust were paid £1.5m for a 54,000-sq ft industrial estate in Camberwell — producing £112,000 pa — while another trust received £1.2m for a 52,000-sq ft industrial estate in Didcot, Oxfordshire, which also produces £112,000 pa.
The total income from all the recent purchases is about £1.1m, and the properties have been acquired for both trading and investment purposes.
Gooch & Wagstaff advised NH Finance, while D E & J Levy acted for the vendors of the Didcot industrial estate.
Nelson Bakewell advised UK Land throughout.
