Unit 3 Glengall Business Centre, London SE15 6NFPosted on November 2, 2017
- Rare opportunity to acquire a prime Inner London light industrial investment.
- Located just 2.5 miles from the City of London and 4.5 miles from London’s West End.
- Outstanding connectivity, situated just off the A2 (Old Kent Road), providing direct access to Central London and the M25.
- Diverse Business Centre in a Zone 2 location with a varied mix of commercial occupiers.
- Modern facility providing 6,992 sq ft (649.60 sq m) of light industrial and office accommodation.
- Let to the strong covenant of Morrison Facilities Services Ltd for a further 1.5 years.
- Total passing rent of £93,000 per annum, reflecting a low passing rent of £13.30 per sq ft.
- Neighbouring industrial rents established at levels in excess of £18.00 per sq ft.
Offers are invited in excess of £1,460,000, subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 6.00%, after allowing for purchaser’s costs of 6.08%. This reflects a low capital value figure of £209 per sq ft.
Unit 1 Glengall Business Centre, London SE15 6NF
Sales ParticularsClick here to download more details on Unit 3 Glengall Business Centre, London SE15 6NF (pdf)