ACRE Capital have advised Capital Industrial on the purchase of HR Owen, Park Royal, a luxury car servicing garage in the heart of West London.
The property comprises a self contained terrace of three industrial units built in the 1980’s totalling 42,722 sq ft (3,969 sq m) GIA. The property is strategically positioned at the south eastern corner of Park Royal Industrial Estate (Victoria Road), one of the closest and well connected commercial locations to Central London available. The property is let to HR Owen PLC, a leading supercar and luxury vehicle dealership.
The asset was acquired by Capital Industrial for approximately £15,325,000.
Location: Park Royal, West London
Property Type: Industrial Unit
Transaction Type: Acquisition
Client: Capital Industrial