
Triton Units A&B, Weston Avenue, West Thurrock
Price: £6,500,000 - Initial Yield:7.80%
Date: Q2 2013
Acting on behalf of M&G Real Estate we advised on the sale of this prime distribution investment to Fidelity for £6.5m, reflecting a net initial yield of 7.8%.
The property comprises two distribution warehouse units constructed in the late 1980’s/early 1990’s totalling 105,293 sq ft GIA. Fully let to Hermes Parcelnet and Ford Retail with an average unexpired lease term to break of circa 4.5 years at a total rent passing of £539,652 per annum.
Contact
John Ellison
Tel:
020 7493 3330
Mob:
07889 437 236
jellison@lewisellis.co.uk
James Caddick
Tel:
020 7493 3330
Mob:
07771 882 860
jcaddick@lewisellis.co.uk