Investments / B&Q – Tangent Link, Gallows Corner, Romford
Aberdeen Standard Investments have sold the B&Q, Tangent Link, Gallows Corner, Romford for £22.8 million reflecting an initial yield of 5.5%.
The property is a prime London retail warehouse fronting the A12 close to its junction with the A127 at Gallows Corner.
It is let to B&Q plc for a further 12.5 years at a rent of £1,337,828 per annum which reflects £18.50 psf.
The property has strong reversionary potential and offers the opportunity to significantly enhance value through redevelopment.
Price: £22.08 million
Type: Investment Sale