Chessington Park Industrial Estate, LondonPosted on October 20, 2016
The asset was acquired on behalf of Royal London Asset Management in September 2016 from Eskmuir Properties Limited. The 3.98 acre estate provides 95,400 sq ft of industrial accommodation arranged over 3 terraces.
There are 10 units let to 8 tenants including P&H Snacksdirect, Hire Station, Ashtead Plant Hire and Solar Century Holdings.
The average weighted unexpired term is 5.12 years to expiry and 3.75 years to break.
The acquisition completed for £18.07 million, reflecting a net initial yield of 4.96%.