Our Investment Team has launched an urban logistics warehouse and office building in New Southgate, London. Available for sale, the site totals 1.508 acres and benefits from a development opportunity for a further unit.
Key selling points:
- Strong transport links to the A406 (North Circular Road), Central London, and M1 Motorway
- Total accommodation of 29,192 sq ft (2,712.4 sq m) between the Industrial Unit and Office
- The industrial unit is let until 27 January 2024 at a rent passing of £135,000 per annum / £9.39 per sq ft
- Seeking offers in excess of £6,500,000 - a purchase at this level reflects a capital value of £223 per sq ft
Philip Colman, Divisional Partner in Glenny’s Investment Agency, comments: “Occupier demand in the north London occupational market remains very strong, in an area where supply, especially of Grade A product, has been very limited. This is a rare opportunity to acquire an exceptionally located site that benefits from refurbished accommodation and further development potential in a thriving city location.”
Brochure available here or contact Philip Colman in our Investment Agency for further information.