Warehouse REIT acquires £4.2 million unit in Wakefield

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Specialist warehouse investor Warehouse REIT exchanged contracts to acquire a 53,000 sq ft single-let industrial unit with 11 metre eaves in Wakefield for £4.2 million.

The unit was acquired via a sale and leaseback to Stapleton’s Tyre Services on a 15-year lease, generating £281,000 per annum which equates to £5.25 psf. It acts as its northern distribution hub, serving more than 1,000 garages and stores in Yorkshire and Lincolnshire.

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