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Appin House & Stewart Quay UB3 1AP

Status: Sold

Date: 01 July, 2015

Type: Industrial

Appin House & Stewart Quay, Hayes

In July 2015, Joiner Cummings acted on behalf of Aberdeen Asset Management on the sale of a long let industrial investment in Hayes, London. 

  • West London freehold industrial investment.
  • Exceptional location 3 miles from Heathrow Airport and Hayes is set to bene t from Crossrail services in 2019 and significant regeneration.
  • Large well configured site totaling 3.75 acres providing excellent potential for future redevelopment at a higher density (current site cover of 16.00%) or alternative uses.
  • Strategically important site for the tenant servicing London and the Home Counties.
  • Let to Hendricks Lovell Ltd with a guarantee from Grafton Group Plc (D&B 5A 2) who have a turnover of £2.08bn, pre-tax pro ts of £101m and shareholders’ funds of £902m.
  • Let off a low reversionary rental base..