Prime London industrial investment

Extremely rare opportunity to acquire a prime London industrial investment. Absolute prime logistics / trade location in Croydon, a key commercial centre in London with strong occupational demand and very low vacancy rates. The property has excellent road frontage to, one of London’s premier arterial roads. The property comprises two high quality warehouses with selfcontained yards, totalling approximately 47,952 sq ft (GIA). The total site comprises approximately 2.57 acres (1.04 ha). The property is fully-let to two strong tenants benefitting from a long WAULT of 8.3 years to lease expiries and 5.9 years to lease breaks. The marketing rent is £661,086 per annum, reflecting a very low average £13.79 per sq ft overall. The property is highly reversionary with rents in the area achieving c.£20.00 per sq ft. The property is surrounded by retail warehouse, trade counter and last mile logistics. Occupiers in the vicinity include IKEA, Amazon and DHL. Quote price is substantially underpinned by land value