Tuesday, May 29, 2023
Brixton sells Attercliffe Common Industrial Estate, Sheffield
Brixton has sold at auction the Attercliffe Common Industrial Estate, Sheffield.
A conditional contract had been exchanged last October with Sun International Casinos but following the determination of the location of a regional casino for the UK this contract fell away with Brixton receiving a non-refundable premium of £75,000.
The sale price at auction of £1.755m is below the December valuation 2006 figure of £1.94m but compares very favourably with the apportioned price as part of the Industrious corporate purchase in January 2005 at a figure approaching £1.4m, giving a 26% capital enhancement in just over 2 years.
The estate comprises 12 units totalling 19,200 sq ft with a current income of £123,000 per annum. The auctioneers were Jones Lang LaSalle and the purchaser is an Irish investor.
A conditional contract had been exchanged last October with Sun International Casinos but following the determination of the location of a regional casino for the UK this contract fell away with Brixton receiving a non-refundable premium of £75,000.
The sale price at auction of £1.755m is below the December valuation 2006 figure of £1.94m but compares very favourably with the apportioned price as part of the Industrious corporate purchase in January 2005 at a figure approaching £1.4m, giving a 26% capital enhancement in just over 2 years.
The estate comprises 12 units totalling 19,200 sq ft with a current income of £123,000 per annum. The auctioneers were Jones Lang LaSalle and the purchaser is an Irish investor.
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