6th October 2016
Thirsk Syndicate Completion
Rougemont is delighted to confirm the £800,000 purchase of a modern 9,361 sq. ft. Royal Mail sorting centre on a 0.67acre site on the Thirsk Industrial Estate.
The purchase, by Rougemont’s Royal Mail Thirsk Syndicate, provides investors an opportunity to take advantage of the tenant’s recent operational commitment to the property which will likely see the lease extended by a further 10/15 years.
In addition, should a modest increase in rent of c.£5,000 per annum (£6.00 per sq ft) be achieved this will increase investors income return to 7.15% per annum, plus enhance the Syndicates capital value.