Posted 26 August, 2011 OBI NEWS
OBI Property acted on behalf of a private client in the acquisition of Moorgate Point, Knowsley Industrial Estate, Knowsley.
The property comprises 398,700 sq ft of industrial accommodation with 37,000 sq ft of fully refurbished office accommodation to the front of the site. The site extends in total to 27.3 acres to include a piece of development land of 6.3 acres. The property is let to 10 tenants and produces a net income of £835,000 per annum. The property was marketed at £5,200,000 excluding the development land.
Gary Scorah, Investment Partner, commented, “the aquisition represents a fantastic return to our client having acquired the property at very resonable levels.”