Orchard Road, Royston
Projects

Orchard Road, Royston

Client
Pigeon
Price
£4.8m
Net yield
6.25%

The property comprised five buildings let to four tenants (including five A1 covenants with Kwik Fit (GB) Ltd and Johnson Matthey Plc making up 60% of the income) with a WAULT of 6.62 years to expiry and 3.59 years to break. The passing rent was £321,484 per annum, the total floor area was 38,785 sq ft, equating to a low average rent of £8.29 per sq ft.

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Richard Walden

Associate, Capital Markets

Equipped with a methodical and analytical approach, Richard strives to secure his clients the best deals possible – often leading to repeat business.

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