Property investment fund Brixton has purchased the Severnside Trading Estate in
The estate totals 204,000 sq ft divided into 22 units, let on 16 leases with 2 units (22,167 sq ft) vacant and subject to rent guarantees for 12 months.
The total rent including these guarantees is approximately £900,000 pa and the purchase price reflects a net initial yield of 5.7%, 6.1% equivalent yield and 6.7% reversionary yield.
The largest occupiers include T&K Gallagher, Loomis Cash Management, Doco International and Wolseley
The property is located opposite Brixton’s 340,000 sq ft Longwood Estate within
Brixton was advised by CB Richard Ellis with King Sturge acting for Morley.
