27 November 2024
SHW sells South East M25/Greater London multi-let industrial estate
Industrial & Logistics, Industry News, Investment, SHW News
Acting as Sole Agent, SHW, on behalf of a private property company, has sold the freehold interest in the Manford Industrial Estate at Erith, Kent to an institutional investor.
The exceptionally well managed and maintained industrial estate comprises 27 units ranging from 2,500 to 6,762 sq ft, totalling 67,550 sq ft. Let to a variety of occupiers, the investment currently produces and annual income of £809,796, with the potential to extend/develop and increase rental income.
Located on Manor Road, close to the M25, in an established industrial area, the site provides easy access into Central London and the South East,
Martin Clark, Investment Partner at SHW, said: “By offering the property to a carefully selected group, we were able to complete a sale in the timescale required and at a price in excess of the £12.5m guide figure. The knowledge of the SHW M25 industrial agency team, led by SHW’s Senior Partner Alex Gale, was vital, allowing us to clearly illustrate the reversionary nature of the asset and the future opportunities that lie ahead for the buyer.”
Lewis Ellis represented the purchaser.
