Industrial/Logistics - Investment - TESCO.COM - Croydon
- Modern distribution unit totalling 172,680 sq ft, with 17,929 sq ft of additional loading canopies
- 360 degree circulation with 34 loading doors along three elevations
- Let to Tesco Stores Limited until 23rd October 2020, with a rent review in October 2015
- The passing rent is £1,227,000 per annum, which equates to only £6.70 per sq ft.
The property comprises a modern distribution unit built in 1989 of steel portal frame construction with profile metal clad elevations.
Croydon is an important industrial /distribution location due to its proximity to Central London and the national motorway network. 21 million people can be reached within a 2.25 hour drivetime; 48.2 million within a 4.5 hour drivetime.
The A23 provides a direct link with Central London 9 miles to the north and junction 7 of the M25, 6 miles to the south. The M23 connects through to Gatwick Airport 18 miles to the south. London Heathrow lies 23 miles to the west.
The Ports of Tilbury, Dover, London Gateway, Southampton and Felixstowe
are all within 2.25 hours drivetime.
Rail connections are excellent with frequent services from East Croydon
station to London Bridge, Victoria and Gatwick Airport. The fastest journey time
to London is approximately 15 minutes, with trains leaving every few minutes.
Croydon is also connected to Wimbledon, New Addington and Beckenham by the TramLink, which was completed in 2002 at a cost of approximately £200m. Wandle Park TramLink station lies 500m to the west.
The property has an EPAR of D80 – further details available upon request.
A dataroom will be available to interested parties which will include title information, lease/associated documentation, Measured Survey, Building / Environmental Survey dated March 2012 prepared by GVA, all of which can be assigned to the Purchaser.
Offers invited in excess of £19,000,000 (Nineteen Million Pounds) which reflects a net initial yield of 6.1%, allowing for purchaser’s costs of 5.8%.
- Minimum eaves heights : 8.00
- 12 dock levellers and 2 docks under separate canopy
- 20 level access doors
- Covered loading bay
- 8m eaves
- Security gate house with barrier controlled access
- Separate vehicle maintenance unit
- 10% office content
- 360 degree circulation
- Parking for 210 cars
- Parking for 120 vans
|Unit / Floor||Size SQFT||Description|
|Ancillary Office||0||16,609 sq ft|
|loading Canopy||0||17,929 sq ft|
|Warehouse||0||156,071 sq ft|
In addition, there are a number of higher value uses within close proximity of the subject property including a Sainsbury’s Supermarket (immediately to the south); the Purley Way retail warehouse centre and Barratt’s New South Quarter Scheme.
The southern side of Purley Way comprises retail warehousing fronting the main road where occupiers include John Lewis (Home), Currys, PC World and Next Home amongst others, with various industrial estates behind. 500m to the west lies the iconic IKEA store.
Mr Edward Price 5 Aldermanbury Square EC2V 7HR 0207 338 4184
Mr Edward Jackson 13 Hill Street W1J 5LQ 0207 338 4032
Mr Ed Cornwell 5 Aldermanbury Square EC2V 7HR 02074848126