11 industrial, commercial, warehouse and trade counter units
Trade City, Chelmsford – Phase 2
About the development
Kier Property developed and sold this scheme on Montrose Road, Dukes Park Industrial Estate in Chelmsford to Clipstone Industrial REIT plc. for £16,400,000, which reflects a Net Initial Yield of 4.29%.
The site was purchased in January 2018 and Kier Property secured planning and developed the prime multi-let trade/logistics park, which has a total floor area of 61,200 sq. ft (5,686 sq. m) across 11 industrial, commercial, warehouse and trade counter units.
Kier Property developed the scheme to a very high standard with excellent specification and sustainability credentials. It comes with a diversified income base from key tenants including national trade counter operators such as Halfords, Dulux, and parcel carrier Hermes Parcelnet.
SCHEME OVERVIEW
| Address | Montrose Road, Dukes Park Industrial Estate CM2 6TE |
| Status | Sold - value £16.4 million |
| Availability | Not available |
| Unit Sizes | 61,200 sq. ft |
Explore existing properties
St Albans
10 new industrial and trade counter units - Under Construction
4,349 - 6,555 sq ft
Bognor Regis
11 new logistics and trade counter units - Under Construction
3,488 - 52,959 sq ft
