ACRE Capital have advised Capel House Property Trust on the acquisition of the Alexander Dennis warehouse on Barrows Road in Harlow.
The property extends to approximately 22,400 sq ft and is let to Alexander Dennis, a world leading bus and coach manufacturing businesses, with an unexpired term of approximately 4 years. The property is let at a very low passing rent of £6.40 per sq ft, relative to prime rents in Harlow of £13.00 per sq ft, highlighting the property’s excellent future growth potential.
The property was acquired for approximately £2,500,000.
Property Type: Distribution Warehouse
Transaction Type: Acquisition
Client: Capel House Property Trust