Monday, October 09, 2023
INVESCO UK Property Income Trust acquires Preston warehouse for £7.2m
INVESCO UK Property Income Trust has completed the acquisition of a freehold industrial warehouse investment property located in Fulwood, Preston for £7.2m, reflecting a net initial yield of 7.2%.
The property is let for 25 years at a rent of £550,000 p.a., with 5 yearly rent increases linked to the higher of open market value, or RPI.
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The property is let for 25 years at a rent of £550,000 p.a., with 5 yearly rent increases linked to the higher of open market value, or RPI.
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The new Property Executive business directory is now online. To add a free listing for your company or to search for property companies across the UK click here.
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