Wilkinson Williams

Press Release

Aviva sell DIY store in South West London

Aviva Investors have sold the long leasehold interest in the Wickes in South Street, Fulwell, Twickenham, South West London to clients of Oxygen Asset Management for a price of £9.688 million.

The purpose built DIY store, which has an open planning consent, extends to 36,150 sq ft and is let to Wickes on a lease expiring in July 2027. The current rent equates to £21.25 per sq ft. The purchase price reflects a net initial yield of 7.50%.

Wilkinson Williams acted for the vendor.

For further information please contact Miles Marten

m.marten@wilkinsonwilliams.co.uk