37 / 39 Imperial Way, Croydon, CR0 4RR

Type: Light Industrial
Status: Available
FLOOR AREA 40,000 SQ FT / 3,715 SQ M


Contact

To arrange a viewing, please contact:
George Moriarty
020 8429 9003
george@davidcharles.co.uk

Description

Located 35 miles to the south of central London and 40 miles to the north of Gatwick Airport.
Established location 7 miles to the south of the Croydon town centre off the A23 Purley Way.
The building has been extensively refurbished and upgraded.
Floor area 40,000 sq ft / 3,715 sq m (Est. GIA)
Site area 1.72 acre (approximately.
Let to Selco Trades Centres Ltd for a term of 15 years from 28 June 2016 subject to 5 yearly upwards only rent reviews.
Rent £400,000 per annum exclusive.
89 year unexpired Head lease for sale subject to 10 yearly upwards only rent reviews to 15% OMV, next review 2022, Current Rent payable £32,000 per annum.
We are instructed to seek offers in excess of £6,500,000.
A purchase at this level reflects a net yield of 5.35%.







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