Eskmuir Properties has confirmed that it has completed the sale of 8-12 Worple Road in Wimbledon to Aberdeen Standard Investments for more than £30m.
The site is let entirely to Sainsbury’s on a full repairing and insuring lease expiring in 2042, with the building comprising the purpose-built food store and office building with a total gross internal area of 51,804 sq ft.
Sainsbury’s has occupied the property for more than 30 years and has recently regeared the lease, demonstrating its commitment to the area. The site also benefits from its close proximity to Wimbledon National Rail and Underground Station, which it is proposed to be a major Crossrail 2 station.
The site includes the office building, known as William House, which provides two floors of self-contained office accommodation extending to 8,722 sq ft, which are currently sub-let to Lidl. Wimbledon is also home to numerous global companies including Capsticks, Close Brothers and Unibet.
Paul Hodgson, Managing Director of Eskmuir, said: “We received a lot of interest in 8-12 Worple Road from very reputable parties, as a result we secured an excellent return for our investors from a transaction which completed swiftly. The funds secured from the disposal of this asset will go towards growing our diversified portfolio of assets across the UK, concentrating on assets where we can increase value significantly through our stewardship and proactive asset management.”
Specialist investment manager Eskmuir Properties has close to 30 years of experience delivering capital growth and robust income returns for family trust investors and charities through diligent asset management of a diverse portfolio.
Joiner Cummings acted on behalf of Aberdeen Standard Investments while Eskmuir Properties were represented by Lewis Ellis.
