Prime Greater London Retail Warehouse Investment

The property comprises a modern two unit retail warehouse terrace providing a total GIA of 24,013 sq ft. A prime retail warehouse located in Orpington, 14 miles south east of Central London and in close proximity of the M25 motorway, Greater London’s orbital ring road. The site extends to approximately 1.31 acres (0.53 hectares). There are a total of 82 car parking spaces which equates to a car parking ratio of 1:293 sq ft. The income is secured against the national covenants of TK Maxx and The Gym. The current contracted total rent passing is £713,623 per annum which equates to a sustainable average rent of £29.72 per sq ft. The property benefits from a long WAULT of 11 years to lease expiry. The Gym benefits from 5 yearly RPI linked rent reviews with a 1%-3% cap and collar per annum compounded.