Maybrook Industrial Park acquired for £5.195m

In one of the largest multi-let industrial investment transactions in Leeds in recent years, Avon Capital Estates has acquired Maybrook Industrial Park from BNP Paribas Real Estate Investment Management. The 10,267 sq m (110,415 sq ft) site was purchased for £5.195m, reflecting a net initial yield of 8.9%.

The park is situated on Castleton Road just off the A647 and 1 mile from Leeds City Centre. It comprises two back to back terraces totalling 12 units and a single detached industrial unit, built in the 1980s. Tenants include Brake Bros, Just Car Clinics, Clear Channel UK and HWL Trade Frames.

BNP Paribas Real Estate Investment Management Ltd was represented by BNP Paribas Real Estate Ltd whilst Ryden acted on behalf of Avon Capital Estates.