Aberdeen puts Watford's Odhams industrial estate up for sale

By Paul Norman - Thursday, September 07, 2017 15:00

Aberdeen Asset Management has brought to market Odhams industrial estate in Watford, an Inner M25 industrial estate, seeking £19.35m or a net initial ield of 5.25%.

Market sources this week said Kimmre has been appointed to sell the 1980s estate, which was developed across four terraces totalling seven units and extending to 125,476 sq ft.

The estate is fully let to six tenants generating a total headline rent of £1,084,108 per annum reflecting a low average rent of £8.64 per sq ft;

There is a WAULT profile of six years to expiry and 3.8 years to tenant break options.

Aberdeen is being advised by Kimmre.


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