Great Bear Distribution Ltd, Unit 1055, Moulton Park, Northampton, NN3 6RX
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£12,275,000
Sep 2023
Atlas Real Estate has recently advised an institutional client on the disposal of a prime distribution warehouse at Moulton Park, Northampton.
The property comprises a 102,778 sq.ft unit built in 2000. The property is let to Great Bear Distribution Limited on a lease expiring on 30 October 2025. The current rent is £625,000 per annum equating to £6.06 per sq.ft.
The property sold for £12,275,000 which reflected a net initial yield of 4.78% and a capital value of £120 per sq.ft.
The purchaser was Kennedy Wilson, represented by DTRE.
