Harlow Distribution Units Sold By HSM In £5.73m Deal

July 1, 2014

An institutional investor client of HSM has sold five production/distribution units in Harlow, Essex, to South Yorkshire Pensions Authority, represented by Standard Life Investments, for £5.73 million, reflecting an initial yield of 6.43%.

Located on the Harlow Business Park, the five units total 55,750 sq ft and are fully let to Molecular Products. Completed in 2008, the B1, B2 and B8 units are set on a 2.84 acre site and have been fitted out by the occupier to provide office, production and distribution facilities.

Molecular Products agreed an 18-year lease on the five units in 2009 at a rent of £390,000 pa with five-yearly rent reviews.

The 50-acre Harlow Business Park, which includes office, industrial, R&D and distribution units, provides easy access to the M11 and M25 motorways, as well as Stansted Airport, nine miles to the north.

HSM partner, Paul Yeadon, comments: “Harlow is a significant commercial and manufacturing centre and this recently constructed, high specification development of detached and terraced production/distribution units provided an attractive investment opportunity in a strong location.”

The purchaser was advised by Chris Freer-Smith Ltd.

 

-ends-

Latest News

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

HR OWEN AGREES TURNKEY DEAL WITH ARLINGTON AT HATFIELD BUSINESS PARK

March 23, 2021 - 11:27

Arlington has agreed a freehold turnkey deal with luxury and supercar dealer HR Owen Plc for a new showroom at Hatfield Business Park, Hatfield, Hertfordshire. Arlington has sold a five-acre plot to [...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR