Overview
Description
Location
The property comprises three industrial/warehouse units of portal steel frame construction under pitched metal profile roofs and brick-faced elevations.
All three units are let on a single lease to a single tenant at a passing rent of £120,000 per annum exclusive. Each unit is accessed via a roller shutter loading doors and pedestrian doors to the front, and fire exits to the rear.
Tait Road Industrial Estate is located on Tait Road on the northern edge of Croydon town centre. It is accessed via Gloucester Road which in turn connects to Lower Addiscombe Road (A222). The property is nine miles South of Central London.
Selhurst Railway Station is approximately 0.5 miles North of the property, providing train links to East Croydon, London Victoria and Milton Keynes Central. East Croydon Railway Station is approximately 0.6 miles south of the property providing direct links to London and the South East.
Summary
Key points
- Three adjacent industrial units on an established industrial estate
- Eaves height of 5.2m, demised yard and parking
- Total of 6,654 sq ft of lettable floor space
- Let on one lease to a single occupier
- Reversionary income £120,000 per annum (£18.06 psf)
- Established tenant founded in 2015
- Offers invited in excess of £1,500,000
- Low entry price at this level of only £226 psf GIA
- A purchase at that level, after normal purchaser's costs, would show a net initial yield of 7.54%
Contact
SHW
Tel: 01273 876 216
Martin Clark
mclark@shw.co.uk
SHW
Tel: 020 8662 2704
Alex Gale
agale@shw.co.uk
EPC
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