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Industrial Investment Purchased for £4.75 Million

12 July, 2010

DTZ Investment Management, advised by Hartnell Taylor Cook LLP's London office. has purchased the freehold interest in 29-35 North Acton Road, Park Royal, London, NW10 6PE from private investors RLE Investment LP.  The purchase price was £4,750,000.

The property comprises four industrial units totalling approximately 34,923 sq ft, together with an external forecourt area providing car parking and loading bay access.  The acquisition included a site of approximately 0.12 ha with planning consent for four commercial units.  The property is fully let to four separate tenants for a further average weighted unexpired term of 5.7 years.  The property provides a current rental income of £323,547 per annum.

The property was secured following considerable interest and two rounds of competitive bidding.  Interest was generated as a result of the well located nature of the investment, the occupational asset management opportunities and the additional development and value add potential available.

RLE Investment LP was represented by Lambert Smith Hampton.