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Purpose built food production distribution warehouse

England, United KingdomUnlock address

70%

£9.350.000

Industrial

#34242

Core+

4 Apr 2024

Property Details

Broker

For sale

62,796 sq.ft.

5,834 m²

GIA

148.89 £/sq.ft.

1,602 £/m²

6.23 %

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Mission critical airside food production distribution unit on behalf of an institutional client. Purpose built food production distribution warehouse totaling 62,796 sq ft GIA, which is fully let. The property serves as their main food preparation unit for their contracts at Gatwick and Heathrow Airport. Current passing rent of £620.129 per annum reflecting a low £9.88 per sq ft, providing an opportunity to caption significant reversion upon renewal.