Craigard has purchased the 34,250 sq. ft. Cornbrash Business Park at a price of £2.95million (10.54% Net initial yield).

Craigard is delighted to launch its Bridgwater Trade Park scheme.

One of Craigard’s iconic buildings, Spectrum, has been sold to a to private family investment fund at an initial yield of 6.82%.

Craigard has secured a successful lease renewal and rental review within its office building, Spectrum, increasing the rental tone and extending existing commitment at this popular office.

Craigard has purchased the SIG Unit in Budlake Road, Exeter for £1.4million. With an initial yield of just over 8% this is a well bought opportunity in, at present, a very heated industrial investment market.

Craigard has purchased the 34,250 sq. ft. Cornbrash Business Park at a price of £2.95million (10.54% Net initial yield).

The site, which comprises of four detached office buildings and three industrial units was purchased from Amberside Investments and is currently fully let. However, two of the office buildings will become vacant within the next twelve months and will require full refurbishment and re-letting.

“This park gives us huge potential for the right kind of asset management,” comments David Foster. “We’re ideally placed to provide this, due to our hands on approach. This site not only has an ideal location, but we know the local market is buoyant. Two of the units are due to become vacant in the near future, so we will be taking the opportunity to refurbish these, and reposition the assets within the market, which should allow us to increase the rental tone of the whole park. We’re delighted with the purchase and look forward to delivering fantastic returns for the syndicate supporting this.”

Craigard has let the ground, first and third floors of Imperial House in Southampton less than six months after purchasing it.

Craigard has sold its Eskan Court building in Milton Keynes for £5.675million to Worthing Borough Council, representing an initial yield of 6.6%.

Commercial property specialist Craigard has sold the Trelleborg Unit at Bridgwater for £2.82million representing a 7.5% initial yield.

Craigard’s Eskan Court office, located in Milton Keynes, has achieved a new rental tone and a bright future for its investors with existing tenant Alliance Automotive signing up to lease 75% of the building until 2027.