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The West Stand at Leyton Orient Football Club’s stadium on Brisbane Road in East London has been put up for sale with a guide price of £8 million — which if achieved will reflect a 6.8% yield.
The seven-floor property is comprised of a 56,000 sq ft medical polyclinic and pharmacy, which pulls in £579,858 of rent per year —90% of which comes from the NHS. It has been put on the market by leading UK property Allsop on behalf of Glasgow-based fund manager Keills.
Alex Butler, a partner in commercial investment at Allsop, says: “This is a rare and unusual opportunity to purchase a virtual freehold, primary care trust investment… Such high-quality assets that offer low-risk and decent rental yields are much in demand in current times and given the lack of quality real-estate-based investment alternatives elsewhere, we expect considerable interest in the West Stand.”
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.