L&G eyes Stockley Park sale

By Paul Norman - Wednesday, October 11, 2017 6:30

Legal & General has brought to market 4 The Square at Stockley Park near Heathrow in west London seeking in excess of £32.3m and reflecting a net initial yield of 6.75%.

The building comprises extensively refurbished Grade A office accommodation, situated within the most recently developed area of Stockley Park.

4 The Square is arranged over ground, first, second and third floors, comprising a total of 81,403 sq ft (NIA).

The property is multi-let to three tenants, providing a WAULT of approximately 5.40 years to breaks.

Total income available is £2,327,466 pa, reflecting £28.83 per sq ft.

Knight Frank is advising Legal & General.

pnorman@costar.co.uk

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