Industrial Investment Sold

Acting on behalf of a private property company, Peill & Company have sold an industrial investment in Barrow in Furness to a private investor. The property, which is let to an Italian company, GVS Filters, on a lease expiring in June 2018, extends to 882 sq m (9,500 sq ft). The property was sold at a net initial yield of just under 13%, representing an attractive return on capital for the purchaser.