Strutt & Parker LLP - Industrial Sale - Aylesford, Kent, Quarrywood Industrail Estate

Date: 07 Jul 2008

Wynnstay Properties Plc, advised by Strutt & Parker, has purchased the freehold interest of Units 1-18 Lake Road, Quarrywood Industrial Estate, Aylesford, Kent, from ING Real Estate Investment Management for £4.53 million, reflecting a net initial yield 7.66%.

The multi-let industrial estate, totalling 50,336 sq ft, is made up of 18 units arranged over three terraces and is let to 14 tenants on 15 leases. The property currently generates an annual rental income of £367,204, equating to £7.30 per sq ft.

John Hanson of Strutt and Parker's National Markets Investment team comments "This was an excellent opportunity for our client to acquire a south east multi let industrial estate at an attractive yield. The estate provides a well diversified income stream and has many active management opportunities for our client to explore."

ING Real Estate Investment Management were unrepresented.

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