Freehold Industrial Investment Acquisition: Oldham

Fifield Glyn, acting on behalf of Danesborough Properties Ltd., have completed the acquisition of Oldham West Business Centre from Park Lane Estates.

The property comprises a modern development of 3 industrial units, extending to 18,450 sq.ft. let to Bohle Ltd., Newey and Eyre Group Ltd. and IES Ltd. at a current rent of £75,500 pa.

The acquisition price of £740,000 represents a net initial yield of 9.65 %.