Cooke & Arkwright

Textron, Duffryn Industrial Estate, Ystrad Mynach

21/01/03

Cooke & Arkwright has acquired the 148,000 sq. ft, Textron CVS Ltd manufacturing premises on Duffryn Industrial Estate, Ystrad Mynach.

The property was let on a 10 year lease from 1998 generating an income of £235,000 per annum and has been acquired a figure of £2.5m.

Graham Davies quotes: “This is an interesting acquisition, providing well secured income at an attractive yield: the capital value per sq ft is in our opinion conservative. A forthcoming rent review of the property offers the prospect to further improve the yield. We are pleased to have acquired this proposition on behalf of one of the UK’s leading specialist industrial investors.”

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