ACRE Capital have advised L&G on the disposal of a prime distribution warehouse let to Argos, located at J13 of the M6, Stafford.
The property extends to approximately 474,903 sq ft GIA on a large 27 acre site providing a very low site cover of 36%.
The property was sold to Canmoor for approximately £51,000,000, reflecting a Net Initial Yield in the region of 4.60%.
Property Type: Distribution Warehouse
Transaction Type: Disposal