Industrial

Gillingham Business Park, Gillingham, Kent 

 

Price: £32,250,000 - Initial Yield:8.60%

Date: Q1 2012

Acting on behalf of Threadneedle we advised on the acquisition of the long leasehold interest in this south east industrial estate from TIAA Henderson Real Estate for £32.25m, reflecting a net initial yield of 8.6%.

The estate provides approx 1.5m sq ft of industrial, trade counter, retail warehouse, car showroom and office accommodation set within 127 acres. The park produces a net rent of £3,086,381 p.a. with an income-weighted average unexpired lease term of over 10.02 years (partially ground leases). 

Contact

Matthew Brown

Tel: 020 7493 3330
Mob: 07836 724 420
mbrown@lewisellis.co.uk


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