Greater London industrial investment

Greater London industrial investment with significant inherent reversion. Prime industrial estate comprising 3 urban logistics facilities in the heart of Purley Way. Fully leased to Pulsant Limited, one of the UKs leading co-location data centre operators. Highly wedded tenant, operating the facility as a co-location data centre with 1.5 MVA of power and a further 1.2 MVA immediately accessible. Three high quality urban logistics units totalling 42,119 sq ft GEA, on a site of 2.06 acres offering a low site cover ratio of just 47%. The estate produces a rental income of £637,293 pa, reflecting a highly reversionary £15.13 psf, with local rents now achieved in excess of £20.00 psf. The estate offers an attractive WAULT of 11.40 years to expiries and 1.40 years to breaks. The estate is held Long Leasehold for a term of 150 years from 20th January 2000.