The management of property firm W&J Parker Ltd must have felt that over a million pounds was not excessive for premises on the site on a Norfolk industrial estate. The investment in the area could trigger additional demand for printing services in King’s Lynn. Real estate experts Savills handled the sale and the firm has made a statement to Lynn News:
“Occupying a prime position at the heart of the Hardwick Industrial Estate, Booker Cash & Carry provides high quality retail warehouse space. With a strong covenant, significant returns and the potential for future asset management, the property represented a good investment opportunity.”
The purchasers of the site have also made a statement to the press. They have explained that they think the investment will be a profitable one. They have added that they also believe that the acquisition complements the existing sites that they possess.
It has been reported that the extent of the site in question is significantly bigger than 2,000 square metres. The warehouse accommodation that has been constructed there has been leased for an 11-year term. This fact has meant that Booker Ltd. will be operating on the industrial estate for some time yet.