A rare opportunity to acquire a highly reversionary South East multi-let trade estate in close proximity to the M25 and Greater London. Leatherhead is an established industrial location located just 20 miles south west of Central London and 20 miles north west of Gatwick Airport. Situated just off the A245 providing quick and easy access to Junction 9 of the M25 Motorway within five minutes. The property comprises a multi-let trade park of eight units let to six tenants, totalling approximately 46,184 sq ft (GIA). Situated on a c.2.64 acre site, providing a low site cover of 37%. The property benefits from a strong and diverse tenant mix of national and local occupiers including Screwfix, Magnet, W. Finch & Co and Merityre Specialists. The property has a WAULT of 5.8 years to lease expiries and 4.2 years to lease breaks. The current passing rent is £714,455.75 per annum, reflecting a low average rent of £15.47 per sq ft overall. The estate is highly reversionary with strong rental growth forecast in the short and medium term. Opportunity to add value through deliverable asset management with the potential to drive the passing rent in the short term. Units 5 & 6 benefit from Landlord only break options providing an opportunity to capture reversion more quickly.
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