Sale agreed for 70,865 sq ft Barnsley industrial unit
Truswell Haulage has disposed of its base in a sale and leaseback agreement for £3.4m, reflecting a net initial yield of 9.25%.
The building, which sits on a 10.15 acre site on Fall Bank Industrial Estate in Dodworth, was sold with a 15-year leaseback to the long established haulier.
Breck Holdings acquired the asset as part of its long-term investment portfolio.
Oliver Rowe, director at Edwards, commented: “Completing this strategic sale leaseback deal marks a pivotal chapter for our client, Truswell Haulage.
“By unlocking significant capital, the company can now prioritise ongoing investment into the business to secure its long term future and further grow its operations.
“With a backdrop of higher interest rates and strong underlying industrial values, releasing capital through sale and leaseback is proving to be a good alternative for business owners.”
Christopher Dee acted for the purchaser.
