Westgate 40, South Ruislip. Tom Paton-Smith AND Matt Moran.

Industrial & logistics, Investment, Lease advisory, Planning

Aberdeen Standard Investments

This project was worked on by the following people, working in partnership from across our business…

Key information

Advised Aberdeen Standard Investments on the sale of the long-leasehold interest of this industrial and trade park investment to Valor Real Estate Partners for £29,750,000, reflecting 4.02% NIY.

Westgate 40 comprises 130,364 sq ft across 12 industrial, automotive and trade units built in 200

• Prime location close to the A40 in West London
• Fully let to 10 tenants on 11 leases providing a WAULT of 6.8 years.
• 112 year long leasehold interest with 5% pay-away, reviewed every 5 years to OMRV.
• 2 units sold off on co-terminus long leases.
• Gross income of £1,349,672 pa, reflecting £12.57 psf overall.
• Reversionary to £1,672,957 pa, reflecting £15.89 psf overall.
• There was collaboration with lease advisory in terms of a number of outstanding rent reviews including the headlease and Planning relating to some complicated title issues.

Halo Business Park, Orpington. Gerry Young AND Matt Moran.

Industrial & logistics, Agency, Investment, Planning

Aviva Investors

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