UK property investor and developer Brixton has announced that it has fully let its 5,500 m[sup]2[/sup] scheme at Great Western Industrial Estate, Southall. The development, comprising six units ranging from 300 m[sup]2[/sup] to 3,700 m[sup]2[/sup].
UK property investor and developer Brixton has announced that it has fully let its 5,500 m2 scheme at Great Western Industrial Estate, Southall. The development, comprising six units ranging from 300 m2 to 3,700 m2.
The standalone 3,700 m2 Unit 4 was let to Selco Trade Centres Limited for 20 years with a three-month rent free period. Selco are a hardware supplier established in 1938. The other units were let on varied conditions to three different hardware suppliers.
Overall the total rents equate to approximately £11.50 per sq. ft. and on average the scheme has been let at 11.6% over the valuers estimated rental values relevant at the date of each of the lettings, Brixton said.
