DisposalLondon
London Road, Staines
Disposal of Industrial and Car Showroom, Staines-upon-Thames
Wallop Estates Limited, through Nightingale Partners, has sold 250 & 268 London Road in Staines-Upon-Thames to a client of CBRE Global Investors. The purchase price of £4,325,000 represents a Net Initial Yield of 6.5%.
The property comprises industrial and car showroom units totalling 22,859 sq ft located on London Road. The property is fully let to Ford Retail Limited for a further 10.5 years, providing a rental income of £300,351 per annum.
Nightingale Partners represented the vendor.
