Yorkshire Trade Park Investment Sold

Henry Lax Limited has sold Seamer Road Trade Park in Scarborough to a private pension fund achieving a figure in excess of £2.7M and net initial yield of under 5.9%; Howard Jenkins acted as joint selling agent in the transaction.

The property was first acquired as a vacant BT depot however, through proactive asset management and significant investment, Henry Lax Limited has successfully re-positioned the site as a well-let trade counter investment.

During this transition, Howard Jenkins was retained as letting agent also dealing with rent reviews.