£14.870.000
Confirmation
Distribution warehouse investment
Harlow, United Kingdom
Industrial
#16609
Core
21 Nov 2024
Property Details
Broker
Sold
76,040 sq.ft.
7,064 m²GIA
195 £/sq.ft.
2,105 £/m²6.00 %
1
Freehold
Fees
Investment Overview
Rare opportunity to acquire a prime south east distribution warehouse investment. The property comprises a well specified cross-docked distribution warehouse totalling approximately 76,040 sq ft (GIA). Harlow is a key south east industrial location, situated 30 miles north of Central London. Strategically located just 3.9 miles from Junction 7 of the M11 motorway, providing a direct link to the M25 (J27) motorway. The tenant has recently agreed a lease renewal and have invested significantly into the building, proving their commitment to the site. Let in its entirety on FRI terms for a further 10 years to lease expiry and 5 years to lease break. Total current passing rent of £952,250 per annum (£12.52 sq ft). The site extends to approximately 5.4 acres (2.2 ha), reflecting a very low site cover of approximately 32%. EPC rating of B.
Interested? Here are the next steps to get more
information and to proceed with our automated deal flow.