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News - 15/07/2019

LSH appointed to manage Etherow Industrial Estate

Our Sheffield-based Property and Asset Management team has been appointed to manage the 200,000 sq ft industrial estate in Glossop following its £6.5m acquisition by Harworth Group.

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Situated two miles west of the M67 with excellent access to the national motorway network, the 10-acre site comprises a large multi-let industrial estate extending to 202,070 sq ft, with current occupiers including Howdens Joinery, Neville Johnson and Apex Storage.

Etherow is the latest in a raft of strategic acquisitions by Harworth, a leading land and property regeneration company, whose aim is to deliver value to its shareholders through clear, long-term value-add opportunities. 

Etherow currently generates a passing rent of over £682,000 per annum, representing a net initial yield of 9.84%.

Katy Brindley, Director of Property & Asset Management in our Sheffield office, said:

"We’re thrilled to add such a large-scale asset to our portfolio of properties managed on behalf of Harworth Group and look forward to working with the team there to maximise income generation opportunities through our proactive asset management approach.”

 

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