Acting on behalf of Clowes Developments (UK) Ltd, FHP Property Consultants have completed the investment sale of Unit A Crown Park, Parcel Terrace, Derby.
The unit was built in 2020 and let later that year on a new 15 year lease to Derbyshire Performance.
Darran Severn of FHP Property Consultants says: “Crown Park comprises six new build industrial/warehouse units ranging in size from 2,583ft2 to 7,750ft2, all of which are finished to a high specification and are tenanted.
“Unit A is somewhat the jewel of the estate benefitting from a good sized self-contained yard to the front and rear of the property. The sale was secured at a price of £510,000 which represented a net initial yield of 6.24% after purchase costs.”
