Aberdeen Asset Management, represented by international real estate advisor Savills, has brought to market a major industrial unit in Wellingborough at a guide price of £7.4 million. The property is fully let to Premium Warehousing Limited on a new 10-year lease at a rent of £750,000 per annum.
Located on a 15.3-acre (6.2-hectare) site, the property provides 291,557 sq ft (27,087 sq m) of space across two multi-bay distribution warehouses.
Situated in the ‘golden triangle’ of logistics properties, the unit benefits from excellent road links to London and Manchester. Additionally, the location offers easy access to the facilities and labour pools of nearby Northampton and Wellingborough.
Tom Scott, director in the investment team at Savills, comments: “We have been experiencing significant interest in logistics properties across all type of investor groups as robust demand and low availability rates create prime rental growth and the return of speculative development. This property’s ‘golden triangle’ location and strong covenant are likely to attract high levels of interest at the marketing stage.”