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.

B&Q, Romford, Brochure

Aberdeen Standard sells Romford B&Q

Price: £22.08 million

Type: Investment Sale

Status: Completed

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