ACRE Capital achieve record value for Carval Investors
ACRE Capital Real Estate acting on behalf of Carval Investors have advised on the investment disposal of 3 Roundwood Avenue, Stockley Park. The property was sold to Spelthorne Borough Council for 21,400,000, reflecting a 6.24% NIY/ 500 capital value per sq ft.
Comprises a refurbished H.Q. office multi-let to 2 tenants for a term of 4.3 years to break and 9.3 years to expiry.
Produces a rental income of 1,425,961 per annum, reflecting 33.50 per sq ft.
Location: 3 Roundwood Avenue, Stockley Park
Property Type: Office
Transaction Type: Disposal
Client: Carval Investors