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Two modern and highly reversionary London distribution warehouses

Dartford, United Kingdom

89%

£20.280.000

Industrial

#34661

Core+

28 Oct 2024

Property Details

Broker

For sale

103,962 sq.ft.

9,658 m²

Leasable area

195.07 £/sq.ft.

2,099 £/m²

4.75 %

2

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Prime industrial estate of two urban logistics facilities, located at the heart of the well established Crossways Business Park. The estate offers immediate access to central London and the UK motorway network. Fronting the Crossways Boulevard (A206) the estate benefits from immediate access to the M25 at J1, and is a short distance to the A2, linking the estate directly to central London. Two high quality urban logistics units totalling 103,962 sq ft, on a site of 5.87 acres offering a low site cover ratio of just 40%. Fully leased to John Lewis PLC and C.P. Hart & Sons, both in occupation since construction. Charles Park produces a rental income of £1,028,977 pa, reflecting a highly reversionary £9.90 psf. The estate offers an attractive WAULT of 3.67 years to expiries, and 1.67 years to breaks.