Sale and Leaseback Transaction: Wrexham Industrial Estate, Wrexham

Private investment clients of Fifield Glyn have acquired a freehold food manufacturing facility at Abenbury Way, Wrexham Industrial Estate, Wrexham.

The modern 7,772 sq. metre (76,123 sq.ft.) was acquired from Delta Dailyfood (UK) Limited, manufacturers of high quality frozen ready meals, who simultaneously entered into a new 17 year FRI lease at a commencing rent of £270,000 p.a.  The purchase price of £2,650,000 represents a net initial yield of 9.64%.