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News | Independent Commercial Property Agents | PAI

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Acquisition of industrial investment at Southampton Business Park

Friday, 22 October 2021

Acquisition of industrial investment at Southampton Business Park

PAI members Ridge Asset Management Ltd have recently acquired a multi let industrial investment at Test Valley Business Centre, Test Lane, Southampton on behalf of Lynwood Park Ltd.  The property comprises a terrace of 8 industrial units. Agreed price £1.179m representing a net initial yield of 6.40%.

Chris Ridge commented that the opportunity provides asset management and significant rental growth potential and will be a long term hold for the client. The client has on going cash resources and is seeking further similar acquisitions. 

For more information contact Chris Ridge, email chrisridge@ridgeam.com.