Cube And BP Pension Fund Sell West Byfleet Site

September 12, 2015

Cube Real Estate and BP Pension Fund (Ropemaker Properties Ltd), advised by HSM, have sold an office tower and two retail parades in West Byfleet for £10.5 million to Altitude Real Estate Limited. The freehold property is multi-let to a number of tenants producing an income of £515,805 per annum, representing a net initial yield of 4.64% and a capital value of £165 per sq ft.

The buildings on Old Woking Road and Station Approach sit on a 1.19 acre site and extend to 63,000 sq ft in total. They include 18 retail units, 30,000 sq ft of offices over five floors and parking for 75 cars. The property is an extensive island site in the centre of West Byfleet in Surrey, which the local Authority would like to see redeveloped with improved facilities, taking advantage of its proximity to the train station and the existing core retail.

Altitude Real Estate Limited was advised by Jackson Criss with HSM advising the vendors.

-Ends-

Latest News

IV REAL ESTATE TRANSFORMS TWO BRISTOL OFFICE BUILDINGS

March 1, 2021 - 10:01

IV Real Estate has completed the refurbishment of two prime office buildings in Bristol city centre. Practical completion of 41 Corn Street and the adjoining Gilbert House has now been reached followi[...]

+ Read More

MOORGARTH LAUNCHES PM+U – A NEW KIND OF PROPERTY MANAGEMENT COMPANY

February 19, 2021 - 16:07

The highly successful team behind Moorgarth Property Management has launched a new property management company – PM+U – specialising in retail, office and leisure assets across the UK. Under the l[...]

+ Read More

ARLINGTON TO DEVELOP ONE OF LONDON’S FIRST DEDICATED LIFE SCIENCE DEVELOPMENTS

February 16, 2021 - 11:08

Arlington has received full planning consent for a building that is set to become one of London’s first fully lab-enabled buildings to be delivered by a commercial property investor. Known as Refine[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR