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250 Milkwood Rd 74,711 sq ft Light Industrial Property London SE24 0HG £1,040,000 (£13.92/sq ft) 5% Net Initial Yield
Investment Highlights
- Zone 2 light industrial unit
- 3,183 sq ft with parking
Executive Summary
Unit 15 comprises a well-configured, two-storey light industrial unit extending to approximately 3,183 sq ft, located within the popular Bessemer Park estate in Herne Hill (Zone 2). The property benefits from a virtual freehold (999-year lease from 1990), four dedicated parking spaces, and strong connectivity to Central London via nearby Herne Hill and Loughborough Junction stations.
The unit is let to Wine Box Company Ltd on an ‘outside the Act’ lease expiring 22 October 2026, producing £55,000 per annum against an ERV exceeding £62,500. Offers are sought in excess of £1,040,000, reflecting a 5.0% NIY after standard purchaser costs.
The unit is let to Wine Box Company Ltd on an ‘outside the Act’ lease expiring 22 October 2026, producing £55,000 per annum against an ERV exceeding £62,500. Offers are sought in excess of £1,040,000, reflecting a 5.0% NIY after standard purchaser costs.
Property Facts
| Price | £1,040,000 | Total Plot Size | 1.72 ac |
| Price per sq ft | £13.92 | Net Internal Area (NIA) | 74,711 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 5% | Year Built | 1990 |
| Tenure | Long Leasehold | Tenancy | Single |
| Property Type | Light Industrial | Parking Allocation | 0.14/1,000 sq ft |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Costar Property Class | B |
| Price | £1,040,000 |
| Price per sq ft | £13.92 |
| Sale Type | Investment |
| Yield | 5% |
| Tenure | Long Leasehold |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Total Plot Size | 1.72 ac |
| Net Internal Area (NIA) | 74,711 sq ft |
| No. Floors | 2 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Allocation | 0.14/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- 24 Hour Access
- Security System
- Signage
- Yard
- Roller Shutters
- Storage Space
Utilities
- Water
- Sewer
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250 Milkwood Rd
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