Industrial

Units E3, E4 & W1, Oliver Close, West Thurrock 

 

Price: £7,000,000 - Initial Yield:9.55%

Date: Q3 2011

Acting on behalf of M&G Real Estate we advised on the disposal of this multi let South East industrial investment to Rockspring Property Investment Managers for £7m, reflecting a net initial yield of 9.55%.

The property comprises three warehouse units built in the 1980’s with a total gross floor area of 100,072 sq ft. Let to the strong covenants of Secretary of State for Transport, Menzies Distribution and Agility Logistics for an average weighted unexpired term of 4 years at a total passing rent of £703,441 p.a. 

Contact

John Ellison

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

Matthew Brown

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


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