Drake & Partners

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Warehouse investment sold in Northampton

January, 2021

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Contact: Nick Roberts

Tel: 01604 620616

Drake Commercial have completed the sale of a warehouse investment on the Lodge Farm Industrial Estate, Northampton.  LF50 which extends to 49,443 sq ft and had been subject to an extensive refurbishment is let to Transglobal Freight Management Ltd for a term of 10 years with a Tenant break option in year 5.

The property was sold off market to clients of M1 Agency for £5.22m reflecting 5.84% NIY.

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