ACRE Capital, acting on behalf of Harbert & XLB, have completed on the sale of Apollo Court, Hatfield Business Park, to a Private HNW investor for a price of £14,640,000, reflecting a net initial yield of 7.23%.
The property is single-let on FRI terms to Ocado with an unexpired term of 5.8 years to break and 10.8 years to expiry at a rent of £21.56 per sq ft. The building had been comprehensively refurbished in 2018 at a cost of £2.1m.
Property Type: Office
Transaction Type: Sale
Client: Harbert / XLB