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 firstname.lastname@example.org.