London firm sells Sainsbury's leased property to Scottish investor for more than £30m

A London-based property investment firm has announced the sale of one of its assets for more than £30m.

Eskmuir Properties has sold its Wimbledon town centre site to Aberdeen Standard Investments.

The site is let entirely to Sainsbury’s on a full repairing and insuring lease expiring in 2042, with the building comprising the food store and office building with a total gross internal area of 51,804 sq ft.

The site includes the office building, known as William House, which provides two floors of self-contained office accommodation extending to 8,722 sq ft, sub-let to Lidl.

Paul Hodgson, managing director of Eskmuir, said: “We received a lot of interest in eight-twelve Worple Road from very reputable parties, as a result we secured an excellent return for our investors from a transaction which completed swiftly.

“The funds secured from the disposal of this asset will go towards growing our diversified portfolio of assets across the UK, concentrating on assets where we can increase value significantly through our stewardship and proactive asset management.”

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