CBGA Robson have acquired an industrial unit in Poyle, Berkshire which services Heathrow Airport, on behalf of a private client.
The unit comprises 12,750 sq ft of warehouse and office accommodation on a site of 0.66 acres and is let to Flight Logistics Group on a ten year lease, giving a term certain of 9.4 years to expiry and 4.4 years to break.
Industrial supply in Poyle is particularly constrained, with vacancy rates across the park at 0.5% leading to rental uplift to capture at the upcoming review.
The purchase price of £3,000,000 reflected a NIY of 4.85%.
This transaction was agreed and completed during the Covid-19 lockdown period