Landa Associates’ has started the year on a high note with the quickfire sale of the Magnets Trade Counter unit in Rotherham – a high spec, retail warehouse unit at Meadow Bank Road, Rotherham, S61 2NF on behalf of Zadok Limited.

 

 

Sunny Landa was retained by the owners to dispose of the unit, and a sale was agreed through competitive bidding to a private investment company.

 

 

The property, which extends to 15,966 ft² is let to Magnets Limited at £68,000 per annum for 8 years.  It is strategically located just 1 mile from Junction 33 of the M1 Motorway and boasts a total site area 0.688 acres and was sold for £1,135,000 (reflecting 5.66%).

 

 

Sunny Landa, director of Landa Associates, said: “I’m delighted to announce the sale of the Magnets in Rotherham on behalf of our client.

 

 

“We’re thrilled to have completed the transaction with the buyer in such a short time – a sale process that was made 100 times easier by the diligence and integrity shown by all the professionals working on the transaction.

 

 

“It was a pleasure transacting for our valued client Zadok, and I am super pleased to have played a part in facilitating this disposal.”

 

 

Richard Parkinson, Manager of Zadok, said: “I am delighted with the outcome and would highly recommend Landa Associates to any property owners operating in the industrial sphere that want to offload or buy assets.  Sunny is an excellent surveyor and helped make it a smooth transaction.”