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      Disposal of a mixed use multi-let investment with asset management potential

      Orchard Road, Royston

      Client
      Pigeon

      Price
      £4.8m

      Net yield
      6.25%

      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.

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