A 40,810 sq ft industrial property in Warrington has changed hands in a £2.2m sale and leaseback deal.

Acting on behalf of Dinex Exhausts, the Manchester office of Colliers International has sold the exhaust systems manufacturer’s warehousing and distribution hub at 14 Chesford Grange (pictured) to BLME Light Industrial Fund, with the transaction reflecting an initial yield of 7.83 per cent.

The single-storey detached unit, which is located on 1.78 acres of land near junction 21 of the M6, has been let to Dinex on a new ten-year lease with an initial rent of £183,645 per year equivalent to £4.50 per sq ft.

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