Clay Street have advised on the sale of Loomis, 34 Lake Road, as part of the Quarry Wood industrial portfolio in a deal worth £26.50m, reflecting a blended net initial yield of 5.10%.

The portfolio consisted two multilet industrial estates known as Burnt Ash Trade Park and Mills Road Industrial Estate, and two single let properties; 15 Mills Road and 34 Lake Road. All the assets are located on the Quarry Wood Industrial Estate in Aylesford, Kent.

The portfolio boasts a strong tenant profile with units let to a range of national occupiers including Screwfix, Rexel, HSS, Brammer, Sytner Group, Euro Car Parts, Hermes and Loomis. Together the properties offer a total of 191,216 sq ft of trade, distribution and industrial accommodation and produce a rental income of £1,429,794 per annum. The investment provides an average unexpired lease term of 5.80 years to expiry.

Clay Street have advised on the sale of Loomis, 34 Lake Road, as part of the Quarry Wood industrial portfolio in a deal worth £26.50m, reflecting a blended net initial yield of 5.10%.