Hargreaves Group are pleased to announce that it completed the off-market purchase of an industrial investment close to East Grinstead town centre. The acquisition completed in August 2021 for c.£2.6m, reflecting an initial yield of c.5.50%.
The site comprises dock loading facilities, a self-contained warehouse and a single storey office block. There is also parking for 50 cars and 20 heavy goods vehicles.
The 1.73 acre site is prominently situated on Imberhorne Way within close proximity to the town centre.
The site is let by DX Network Services Ltd.
This purchase illustrates the continued appetite the Hargreaves Group have to acquire well located industrial investments, across the South East, that provide asset management and development opportunities in line with the company’s growth strategy.
Hargreaves were advised by Bruce Spencer of Fulwell Capital.