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Allois Properties sells Intertek House to Clipstone Investment Management

Allois Properties has sold the freehold investment of Intertek House, Cleeve Road, Leatherhead in Surrey to Clipstone Investment Management for £3.95m, reflecting a net initial yield of 5.74%.
By James Wallace
September 24, 2018 | 5:59 P.M.

The 17,047 sq ft modern warehouse is let to Intertek Testing & Certification Limited on a 10-year lease from March 2017, with a break at year five. The passing rent is £240,000 pa, which equates to £13.79 per sq ft.

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