A prominent freehold investment positioned on the edge of the Footscray business estate. Comprising over 7,000sqft of industrial and office space let to two tenants at a total rent of £82,500pax, we concluded a sale to a local private investor at £1.3M - a NIY of 6%.
Despite the current cost of commercial debt industrial space is still selling at competitive yields. Demand from owner-occupiers and the emergence of businesses including dark kitchens and last mile delivery seem to be fuelling demand and values.
PROJECT ADDRESS: Jenda House, Cray Road, Sidcup, Kent DA14 5DP
Daniel Dennis
[{"featureType":"administrative.land_parcel","elementType":"all","stylers":[{"visibility":"on"}]},{"featureType":"landscape.man_made","elementType":"all","stylers":[{"visibility":"on"}]},{"featureType":"poi","elementType":"labels","stylers":[{"visibility":"on"}]},{"featureType":"road","elementType":"labels","stylers":[{"visibility":"simplified"},{"lightness":20}]},{"featureType":"road.highway","elementType":"geometry","stylers":[{"hue":"#f49935"}]},{"featureType":"road.highway","elementType":"labels","stylers":[{"visibility":"simplified"}]},{"featureType":"road.arterial","elementType":"geometry","stylers":[{"hue":"#fad959"}]},{"featureType":"road.arterial","elementType":"labels","stylers":[{"visibility":"on"}]},{"featureType":"road.local","elementType":"geometry","stylers":[{"visibility":"simplified"}]},{"featureType":"road.local","elementType":"labels","stylers":[{"visibility":"simplified"}]},{"featureType":"transit","elementType":"all","stylers":[{"visibility":"on"}]},{"featureType":"water","elementType":"all","stylers":[{"hue":"#a1cdfc"},{"saturation":30},{"lightness":49}]}]
