LaSalle Investment Management has sold a 30,918 sq ft retail warehouse unit on South Ealing Road, London to clients of CBRE GI for £14.5m, reflecting a net initial yield of 3.99%.
Located close to South Ealing Underground Station and the M4, the building is occupied by Wickes Building Supplies Limited. The sale encompasses a new tenancy agreement with Wickes, with an unexpired term of 13.25 years at a current passing rent of £617,520 per annum or £20.00/sq ft.
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