Wilkinson Williams

Press Release

B&Q Investment Sale/Purchase in Alperton for £18.75 million

AXA REIM have sold the freehold in the vacant B&Q at Ealing Road, Alperton for £18.75 million to Neptune Developments. The property lies on a site of 3.75 acres and is let to B&Q until February 2014, who pay a rent of £871,000 per annum. B&Q have, however, vacated and have their lease on the market. It is understood that the site has been acquired for residential development. Cluttons acted on behalf of the purchasers and the vendor's were advised by Knight Frank and Wilkinson Williams.