Property investment fund Leopard Capital has completed the sale of its Booker Cash & Carry warehouse on Canal Industrial Estate in Trowbridge, Wiltshire.
Leopard acquired the property for just over £2.38 million in 2019. Today, it sold for £3.25 million.
The warehouse has a gross internal floor space of 35,527ft2.
Alex Fordyce, Managing Director of Leopard Capital said: “This asset delivered a total return of 28.6% pa which we were delighted with and aligned with our initial business plan. We continue to search for more opportunities.”
Will Gubb is Partner at Knight Frank, which advised Leopard Capital on the warehouse’s sale. He added: “This transaction shows that there is still liquidity for smaller lot-size assets with sound fundamentals that are let to strong covenants, despite some of the current market headwinds. The industrial occupational market remains robust, underpinned by favourable long-term structural trends resulting in sustained rental growth in well-located sub-markets across the UK.”
