Claygate Distribution Centre, Marden
Claygate Distribution has completed a sale and leaseback of its distribution centre in Marden in...
190-192 Westbourne Grove
London, W11 2RH
Cyril Leonard advised International Caledonian Assets Limited on the sale of this prime retail investment to JSRE Acquisitions for a price of £8.95m. The property comprises two retail units both let to Jigsaw, with a combined passing rental of £320,000 pa. The price equates to a Net Initial Yield of circa 3.40%. Cyril Leonard advised ICA Holdings on the purchase two years previously and then again on the sale resulting in a significant profit on cost for the client of close to 40%.
| Location: | London |
| Type: |
Retail
|
| Value: | £8.95m |
| Service(s): |
Acquisition & Disposal
Property Management
|
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