Dynamic Asset Management Pays Off Again for South Street Capital

Dunchurch Trading Estate, Rugby has been sold by an overseas client of South Street Capital ("SSC") to a private client of Loyola Investment Management for £6.89 Million. The sale reflects an initial yield of 6.38% and a reversionary yield of 7.34%. The estate comprises 60,032 sq ft of industrial accommodation in 10 units and is prominently located fronting the A45, adjacent to Symmetry Park.

The estate was acquired in 2014 for £1.6 Million and at the time of purchase 50% of the floorspace was vacant. Since this time and acting as the Asset Manager, SSC have refurbished a number of the units and increased the rent roll from £112,386 per annum to £474,278 per annum. The sale reflects a significant premium to the March 2024 valuation.