Orchard Road, Royston Deal
Disposal of a mixed use multi-let investment with asset management potential
Client
Pigeon
Price
£4.8m
Net yield
6.25%
Related pages
The property comprised five buildings let to four tenants (including five A1 covenants with Kwik Fit (GB) Ltd and Johnson Matthey Plc making up 60% of the income) with a WAULT of 6.62 years to expiry and 3.59 years to break. The passing rent was £321,484 per annum, the total floor area was 38,785 sq ft, equating to a low average rent of £8.29 per sq ft.
Key contacts