Industrial

Phoenix Trading Estate, Bilton Road, Perivale UB6 7DZ

 

Price: £12,400,000 - Initial Yield:2.91%

Date: Q1 2021

Acting on behalf of London & Cambridge Properties we advised on the sale of this rare West London industrial/trade counter investment opportunity to Aberdeen Standard Investments.

The property comprises five industrial/trade counter units extending to 36,161 sq ft with individual unit sizes ranging from 5,765 sq ft to 8,101 sq ft. The estate is well configured and benefits from a shared central loading yard with staff/customer parking, secure perimeter fencing and an electronically operated access gate. Multi let to four tenants generating a total rental income of £384,498 per annum, reflecting a low average rent of £12.65 per sq ft (excluding unit 4), with an attractive AWULT of 6.9 years to expiry and 2.4 years to break. The site extends to 1.6 acres (0.65 hectares) providing a low site coverage of 52%.

Opportunities to add substantial value by exploring lease re-gears/rental growth or residential development in the future. Prime rents now stand in excess of £20 per sq ft in west London and are projected to continue on an upward trajectory, largely due to a lack of supply of quality industrial stock. The COVID-19 pandemic has highlighted how vital the industrial sector is to end consumers and supply chains. Industrial has remained resilient throughout the last 12 months, largely down to surges in e-commerce, food delivery services and home improvement.

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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