Ipswich industrial estate sold

Pigeon has sold a multi-let industrial estate at Cavendish Street, Ipswich. The property was sold in two separate transactions. The first comprised a terrace of trade counters and a car wash, with tenants including Screwfix and Rexel. The property was sold to a private investment partnership for circa 6.1% Net Initial Yield. Carter Jonas acted for Pigeon. The second part comprised a single unit which was sold to the tenant, Partyman World, a family leisure operator.

For more information – Ben Guest b.guest@pigeon.co.uk