Glossop Brook Business Park, Glossop Brook Road, Glossop, Derbyshire SK13 7AJ
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£7,300,000
Mar 2025
NorthCap has successfully advised on the sale of a multi-let industrial estate on behalf of a private client.
The property comprises 80,556 sq ft across 19 well specified units, let to 11 tenants providing a low passing rent of £526,400 pa. (£6.53 psf overall).
The property offered excellent reversion potential with a projected ERV of £688,981 pa.
The sale price achieved was £7,300,000, reflecting a net initial yield of 6.80%, a headline reversionary yield of 9.5%+ and a low capital value of £90 psf.
