Industrial

HR Owen, Pilot Industrial Centre, 5-9 School Road, Park Royal, Acton NW10 6TD

 

Price: £15,325,000 - Initial Yield:2.84%

Date: Q3 2020

Acting on behalf of Eskmuir Properties we advised on the sale of this high reversionary Park Royal investment to Capital Industrial for £15.325m, reflecting a net initial yield of 2.84%.

The property is strategically positioned at the south eastern corner of Park Royal Industrial Estate (Victoria Road), one of the closest and well connected commercial locations to Central London available.

The property comprises a terrace of three industrial units built in the 1980’s totalling 42,722 sq ft (3,969 sq m) GIA (including covered loading canopies). The property is let to HR Owen PLC until 26th April 2023 providing 2.8 years unexpired and at a current passing rent of £465,000 p.a. (£11.02 psf).

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

David Kos

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


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