Online Electronics Investment Sale, Blackburn
FG Burnett are delighted to be instructed on the sale of the industrial investment in Blackburn let to Online Electronics Limited. Online were formed in 1996 and are an International Pipeline Solutions Specialist, part of the Norwegian IK Group. They have operations in the UK, USA, Brazil, Singapore, Dubai, Norway and Australia.
Dave MacLeod is handling the sale on behalf of private clients, after Graeme Watt acted on the letting of the property. Dave said “At offers over £950,000, this offers a net initial yield of 9.5%, which will catch the eye of private investors. Blackburn is already a busy commercial location and the AWPR will transform access to the north-west of the city. The use of the building is very clean and investors will be impressed when they view the facility.”