Garrison Road, Sheerness
ACQUISITION | YIELD 6.25%
NR Investments, the investment department of Nolan Redshaw, acted on behalf of a Private Client to successfully acquire a prime investment property at Garrison Road in Sheerness at an initial yield 6.25%. The tenant committed to 20-year leases on the site with annual RPI uplifts after the fifth year, this offered the purchaser both long-term secure income and growth over the term.
Immediately adjacent to the entrance of the Port of Sheerness, a major UK cargo hub. A fully surfaced 0.90-acre site, suitable for a variety of industrial uses.
