The industrial estate of 11 units lies to the south of the busyNorth Circular Road in Neasden, North-West London, and wasdeveloped in 2000. The current income from the estate is £644,385per annum which reflects a net initial yield of 6.3% increasing toat least 7.1% when the one vacant unit is let. The reversionaryyield is 7.3%.
This is Equiton's 23rd acquisition since its launch in October1999, to invest on behalf of Brixton, Equitable Life and thePrudential. And asset manager Brixton says more purchases are inthe pipeline.
King Sturge and Cardales acted for Equiton.
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