Multi-let Industrial Acquisition

Aston Rose has advised Legal & General Investment Management (Real Assets) on the purchase of Compton Place Business Centre, an income-producing multi-let industrial warehouse investment in Camberley, Surrey.

The property, comprising 20 fully let self-contained units, provides a total floor area of 15,043 sq ft on a site of approximately 0.83 acres (44% site coverage). The property currently produces an income of £156,151 per annum.

The £2.2m purchase price, reflects a net initial yield of 6.68%.

Joint agents Lewis & Partners and MacLaren & Partners acted on behalf of the vendor.

 

For further details, or to discuss your current requirements, please contact Sam Hume-Kendall in the Investment Team.

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