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250 Milkwood Rd 3,183 sq ft Light Industrial Unit Offered at £1,040,000 in London SE24 0HG
Investment Highlights
- Car parking
- Zone 2 location
- Walking distance from direct services to Thameslink and London Victoria
Executive Summary
London City Centre is just over 4 miles away by car via the A202 and there are 3 train stations within walking distance; Brixton, Herne Hill and Loughborough Junction. The property is situated close to Ruskin Park and Dulwich Hamlet Football Stadium.
Property Facts
| Total Property Size | 3,183 sq ft | Floors | 2 |
| Property Type | Industrial (Unit) | Typical Floor Size | 2,750 sq ft |
| Property Subtype | Service | Year Built | 2000 |
| Costar Property Class | B |
| Total Property Size | 3,183 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Service |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 2,750 sq ft |
| Year Built | 2000 |
Amenities
- 24 Hour Access
Utilities
- Lighting
- Water - City
- Sewer - City
1 Unit Available
Unit 15
| Unit Size | 3,183 sq ft | Tenure | Long Leasehold |
| Price | £1,040,000 | Net Initial Yield | 5.00% |
| Price Per sq ft | £326.74 | NOI | £52,000 |
| Unit Use | Light Industrial | No. Parking Spaces | 4 |
| Sale Type | Investment |
| Unit Size | 3,183 sq ft |
| Price | £1,040,000 |
| Price Per sq ft | £326.74 |
| Unit Use | Light Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 5.00% |
| NOI | £52,000 |
| No. Parking Spaces | 4 |
Description
The subject property is a two story steel frame, part brick and block and part metal clad construction under a metal decking roof. Floor to ceiling height on ground floor is 4.07m. The floor to ceiling height on the first floor is 4.02m in the middle and 2.85m at the sides. Full height therefore in excess of 8.09m (26.5 ft).
Sale Notes
London Zone 2 location.
Popular business and industrial park in an affluent suburban Well configured industrial warehouse unit on two floors providing approximately 3,183 sq ft, Virtual freehold, Current occupational lease is ‘outside the act’. We understand the tenant is likely to leave at expiry making this appealing to owner occupiers as well as investors.
- Current tenant paying only £55,000 per annum. ERV in excess of £62,500 per annum, 4 designated parking spaces.
Presented by
250 Milkwood Rd
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