Edit ? False
CMS?

Sandown Industrial Park Estate sold for £15m

The Milton Group, advised by Montagu Evans, has sold Sandown Industrial Park in Esher, Surrey, to Elmbridge Borough Council for £14.075 million reflecting a net initial yield of 3.67%.

The 58,083 sq ft industrial estate is one mile from Esher town centre and is fully let to nine tenants providing a rental income of £551,932 per annum. Milton acquired the estate in 2013 and through a proactive asset management programme has driven the rents up 154%. 

Montagu Evans advised The Milton Group on the original acquisition and subsequent sale of the asset. Tom Paton-Smith, Partner and Head of Business Space at Montagu Evans, said:
“This is a well-let and well-located property that has benefitted from The Milton Group’s active asset management over the past four years.”

BNP Paribas advised Elmbridge Borough Council on the acquisition.

 
 

Contact Us

CLOSE

Thank you

Thank you for contacting us. A member of staff will answer your query shortly.

Details

I am interested in:

Fields marked with a '*' must be completed.
Montagu Evans can contact me with relevant industry news.
Head Office

5 Bolton Street, London, W1J8BA

Phone Icon +44 (0) 20 7493 4002
Fax Icon +44 (0) 20 7312 7548
Glasgow

302 St. Vincent Street, Glasgow, G2 5RU

Phone Icon +44 (0) 20 7493 4002
Fax Icon +44 (0) 20 7312 7548
Edinburgh

4th Floor, Exchange Tower, 19 Canning Street, Edinburgh, EH3 8EG

Phone Icon +44 (0) 20 7493 4002
Fax Icon +44 (0) 20 7312 7548
Manchester

2nd Floor, Abbey House, 74 Mosley Street, Manchester, M2 3LW

Phone Icon +44 (0) 20 7493 4002
Fax Icon +44 (0) 20 7312 7548
Contact Us
Message here
Exit Preview