Altum Capital acquires Hovis BakeryDecember 2015
Altum Capital has acquired a 32,586 sq ft Hovis bakery warehouse, with ancillary office accommodation, in South London, from Mansford Capital for £4,935,000.
The building, which is located in the London Borough of Merton, sits on Ellis Road in Mitcham and is let to Hovis Limited. The rent is £281,950 per annum and there is over 10 years remaining on the lease.
Jack McCarron of Altum Capital commented: “The purchase is in line with Altum’s strategy to acquire good quality real estate, within core locations across the UK. We are happy to have secured this industrial investment located within Greater London, which is well let and possesses strong rental growth prospects.”
Nightingale Partners acted for Altum Capital. Morgan Williams and Strutt & Parker acted for Mansford LLP.
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