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
