Acting for a private property investor client, MJM have sold a major St Neots industrial/warehouse facility which is leased to international packaging manufacturer, Coveris.

The property which comprises a facility of approx. 81,246 sqft (7,548 sqm) and let at a passing rent of £550,000 has been sold for £7,300,000, reflecting an net initial yield of approx. 7%. The purchaser, another private investor proactive in the acquisition of similar property in the region was represented by real estate investment consultants, Kimmre.

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