24 Mar 2022

Isle of Wight Investment Deal

Sailing over the finishing line, we’ve just secured this great deal in Cowes on the Isle of Wight for a private family office – purchasing a 4.5-acre site occupied predominantly by The Range for £5.5m, reflecting a net initial yield of 6.18%.
 
The site comprises a 31,770 sq ft unit let to The Range until the end of 2036 with fixed uplifts, which represents around 80% of the income.
 
Our client is actively seeking other opportunities, so please get in touch with Scott Mitchell if you have any other similar opportunities or to talk about your investment strategy and how we can help.
 
Also, big thanks to Matt Joyce at Griffiths Eccles LLP who acted for the vendor.