Industrial

Abbot Close, Byfleet 

 

Price: £10,750,000 - Initial Yield:4.90%

Date: Q3 2017

Acting on behalf of Knight Frank Investment Management we advised on the purchase of this single let industrial investment for £10.75m, reflecting a net initial yield of 4.90%.

The property comprises an industrial warehouse extending to approximately 71,551 sq ft. Let to AIM Aviation (Henshalls) Limited for a further 17 years at a current passing rent is £563,075 p.a (£7.87 psf). The lease benefits from five yearly upwards only rent reviews to the greater of open market rent, or annually compounded RPI indexed increases (subject to a collar of 2% per annum and a cap of 4% per annum).

Contact

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk

David Kos

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


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