Acorn are pleased to bring this rare freehold warehouse/office building in Foots Cray to the market for sale.
Occupying a prominent position on Cray Road the subject site measures 0.2 acres, includes a two storey 7,000 sqft warehouse/ office, and a secure on-site yard/car park to the front which is suitable for large vehicles.
Currently the property is sub-divided into two units, one is let to a clothes retailer/distributor, and the other is vacant (see floorplan).
The tenanted area produces a rent of £32,500pa and there are 4 years unexpired. At a rate which reflects c.£13/sqft the unit would appear to be under let. The tenant pays c.£3,000pa service charge which includes bills and utilities.
The vacant unit includes the majority of the ground floor (3,350 sqft) which comprises light industrial / storage space, and a first floor office measuring 1,250 sqft. Both parts are in good condition throughout and ready to be rented or occupied immediately.
Freehold warehouse / office sites in a key industrial area in South East London aren't readily available for purchase.
We expect this property to appeal to owner occupiers looking for a permanent home in a busy industrial area, or investors who will see the opportunity through active management to fully maximise the rental potential of the site.