Evolve Fund Services on behalf of Evolve All Saints Partnership has sold 1-2 Felstead Road, two modern trade/warehouse units, located in Epsom, Surrey, for £6m to a private charitable investor.
Totalling 22,751 sq ft, both units are let to Wolseley UK Ltd until 2032 with a break option in 2027. Wolseley has occupied the site since 2001 and use the units to cater to the trade market and as a distribution centre for their wider network of outlets.
Located on Longmead Industrial Estate, the units are let off an average rent of £10.37 per sq ft. The purchases price reflects a net initial yield of 3.69%.
Allsop acted for the vendor while Savills acted for the buyer.
Notes to editor
Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house. Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.
For details visit www.allsop.co.uk
For further information or supply of images contact:
Redleaf Communications on 020 3757 6893 or email@example.com .
May Dalton, Commercial Marketing and PR Manager at Allsop on 0207 543 6777 or firstname.lastname@example.org