Flude Property Consultants has successfully completed the sale of Vinnetrow Business Park, Vinnetrow Road, Chichester, to a south east property investment company reflecting a net initial yield of 9.52%.
Occupying a prominent 5.12-acre site on the outskirts of Chichester, Vinnetrow Business Park is a well-established multi-let commercial estate offering a diverse range of accommodation and a strong income profile. The asset comprises 16 occupiers across a variety of sectors, including laboratory, healthcare, showroom, childcare and veterinary uses, providing a resilient and well-diversified tenant base.
In addition to its attractive income characteristics, the estate benefits from approximately 1.68 acres of development land, presenting future asset management and development opportunities for the purchaser.
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