Industrial

Riverside Business Park, Walnut Tree Close, Guildford 

 

Price: £11,000,000 - Initial Yield:3.93%

Date: Q2 2017

Acting on behalf of Hermes Investment Management we advised on the sale of this multi-let industrial and trade counter investment for £11m, reflecting a net initial yield of 3.93%. 

The estate comprises 7 industrial and trade counter units totalling 47,814 sq ft. Let to 8 tenants providing a WAULT of 4.3 years to expiry (2.2 years to break) at a total rental income of £460,495 p.a, reflecting a low average passing rent of £9.63 psf. There is an opportunity to obtain vacant possession by August 2019 allowing redevelopment of the site for a higher use value (subject to planning). Total site area of 2.33 acres which reflects a site density of 38%.

Contact

John Ellison

Tel: 020 7493 3330
Mob: 07889 437 236
jellison@lewisellis.co.uk

James Elkington

Tel: 020 7493 3330
Mob: 07810722459
jelkington@lewisellis.co.uk

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


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