The 162,570-sf industrial property is occupied by Allied Domecq Spirits and Wines, on assignment from W H Smith, until March 2014 at a rent of £647,500 ($1 million) per annum, equating to £3.98 ($6.25) per sf. The next rent review is due in March 2004.
The purchaser was advised by Savills Fund Management, and the vendor is a discretionary client of CB Richard Ellis Investors.
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