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Distribution warehouse investment

Harlow, United KingdomUnlock address

87%

£14.870.000

Industrial

#16609

Core

4 Mar 2024

Property Details

Broker

For sale

76,040 sq.ft.

7,064 m²

GIA

195 £/sq.ft.

2,105 £/m²

6.00 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Rare opportunity to acquire a prime south east distribution warehouse investment. The property comprises a well specified cross-docked distribution warehouse totalling approximately 76,040 sq ft (GIA). Harlow is a key south east industrial location, situated 30 miles north of Central London. Strategically located just 3.9 miles from Junction 7 of the M11 motorway, providing a direct link to the M25 (J27) motorway. The tenant has recently agreed a lease renewal and have invested significantly into the building, proving their commitment to the site. Let in its entirety on FRI terms for a further 10 years to lease expiry and 5 years to lease break. Total current passing rent of £952,250 per annum (£12.52 sq ft). The site extends to approximately 5.4 acres (2.2 ha), reflecting a very low site cover of approximately 32%. EPC rating of B.