Your email has been sent.
Kencot Way - Veridon Way 8,447 sq ft Industrial Unit Offered at £1,900,000 in Erith DA18 4AB
INVESTMENT HIGHLIGHTS
- Strategic Erith location with direct access to A2016 and M25
- Secure yard and nine dedicated parking spaces
- Modern specification with offices, mezzanine, and 7m eaves height
EXECUTIVE SUMMARY
Unit 4 Veridion Way presents a rare opportunity to acquire a prime single-let logistics asset in one of London’s most dynamic last-mile industrial hubs. Located within the established Veridion Park in Erith, this modern facility offers exceptional connectivity via the A2016 to Central London and the M25, ensuring seamless access to regional and national distribution networks.
PROPERTY FACTS
| Total Property Size | 8,447 sq ft | Floors | 2 |
| Property Type | Light Industrial (Unit) | Typical Floor Size | 4,224 sq ft |
| Property Subtype | Light Manufacturing | Year Built | 1960 |
| Costar Property Class | C | Total Plot Size | 0.40 ac |
| Total Property Size | 8,447 sq ft |
| Property Type | Light Industrial (Unit) |
| Property Subtype | Light Manufacturing |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 4,224 sq ft |
| Year Built | 1960 |
| Total Plot Size | 0.40 ac |
AMENITIES
- 24 Hour Access
UTILITIES
- Lighting
- Water - City
- Sewer - City
1 UNIT AVAILABLE
Unit 4
| Unit Size | 8,447 sq ft | Sale Type | Investment |
| Price | £1,900,000 | Tenure | Freehold |
| Price Per sq ft | £224.93 | Net Initial Yield | 6.63% |
| Unit Use | Industrial | NOI | £125,970 |
| Unit Size | 8,447 sq ft |
| Price | £1,900,000 |
| Price Per sq ft | £224.93 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.63% |
| NOI | £125,970 |
DESCRIPTION
Constructed in 2011, the property combines high-quality warehouse accommodation with well-appointed office space across two floors, complemented by a landlord-owned mezzanine for additional flexibility. Features include a 7.00m minimum eaves height, level access loading, LED lighting, and 3-phase power, all designed to support efficient operations. Externally, the unit benefits from a secure yard and dedicated parking.
SALE NOTES
The asset is let to Versapak International Ltd on a three-year term, generating a passing rent of £133,900 per annum, with prime rents in the area exceeding £20.00 per sq ft. The long leasehold interest (985 years unexpired) at a peppercorn rent underpins strong investment fundamentals. With a guide price of £1,900,000, this acquisition offers an attractive net initial yield of 6.63% and significant potential for rental growth or future owner occupation.
Presented by
Kencot Way - Veridon Way
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.