Industrial Rental Growth in York

Acting for a private investor, Howard Jenkins has achieved a 44% uplift in total rental income, with a corresponding increase in capital value, in respect of a modern industrial investment in York.

The property in Hospital Fields comprises three units totalling c.8,000 ft² (c.740 m²), and the rental uplift achieved arose out of the negotiation of statutory lease renewals with two existing tenants who wished to remain in occupation, and the successful letting of the third unit which had been vacated at the end of the previous lease; the rents on the individual units reflect figures of £6.50 psf – £7.80 psf.