Sandown Industrial Park, Esher. Tom Paton-Smith AND Matt Moran.
Industrial & logistics, Investment, Planning, Residential
The Milton Group
This project was worked on by the following people, working in partnership from across our business…
- Gareth Fox Partner, Planning, Historic Environment & Townscape
- Anthony Shaw Associate, Development & Valuation Consultancy
Key information
Montagu Evans advised The Milton Group on the disposal of the freehold interest in the estate to Elmbridge Borough Council £14,075,000 in January 2018, reflecting a capital value of £242 psf and Net Initial Yield of 3.67%.
Sandown Industrial Estate comprises 12 units arranged over two terraces totalling 58,083 sq ft. At the time of sale, the property was fully let to 9 tenants with a WAULT of 2.2 years. The total annual rent is £551,932 per annum which equates to a low average rent of £9.50 per sq ft.
Montagu Evans’ planning team provided advice to the sale whilst the residential team assisted with viability advice in relation to residential redevelopment.
Acquisition of 600 & 650 Aztec West, Bristol. Matt Moran.
Offices, Development & Valuation Consultancy, Investment
Sedgemoor District Council