Springer Nicolas
Booker Cash And Carry, Thames Road, Crayford, Dartford, DA1 4QN
Prime Greater London Last Mile Industrial Investment - Let To Booker Limited With An Unexpired Lease Term Of In Excess Of 9.75 Years- Prime Greater London last mile industrial property.
- Excellent communications being situated on the A206 and less than 3 miles from the M25 providing access to the motorway network.
- Industrial warehouse totalling 28,938 sq ft (2,688.4 sq m) on a 1.22 acres (0.49 ha) site providing a site cover of 53%.
- Let to Booker Limited on a full repairing and insuring lease expiring on 24th December 2033, providing in excess of 9.75 years term certain, subject to a rent review on 25th December 2028 to open market value.
- Current rent of £339,436 per annum which equates to £11.73 per sq ft providing a low base for future rental growth.
- Freehold.
- The vendor is seeking offers in the region of £5,310,000 (Five Million, Three Hundred and Ten Thousand Pounds) subject to contract, for the benefit of their freehold interest. A purchase at this level would reflect a net initial yield of 6%, after allowing for purchaser’s costs of 6.6% and a low capital value of £183 per sq ft.
