35 Imperial Way | Croydon CR0 4RR
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35 Imperial Way
Croydon CR0 4RR
Light Industrial Property For Sale
Investment Highlights
- Prime industrial estate comprising 3 urban logistics facilities in the heart of Purley Way
- Three high quality urban logistics units totalling 42,119 sq ft GEA, on a site of 2.06 acres offering a low site cover ratio of just 47%.
- The estate offers an attractive WAULT of 11.40 years to expiries and 1.40 years to breaks
- Fully leased to Pulsant Limited, one of the UKs leading co-location data centre operators
- The estate produces a rental income of £637,293 pa, reflecting a highly reversionary £15.13 psf, with local rents now achieved in excess of £20.00 psf
- The estate is held Long Leasehold for a term of 150 years from 20th January 2000
Executive Summary
The property comprises a terrace of three modern industrial units which are interconnected and extend to 42,119 sq ft in total. The units sit on a self-contained and large, secure yard. The property is operated by a single user as a data centre and benefits from 1.5 mva power supply with the potential to increase this supply by 1.2 mva immediately. The units benefit from 8 metre eaves, 5 level access loading doors and a 35m secure yard.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Rentable Building Area | 42,119 SF |
| Net Initial Yield | 5.25% | Number of Floors | 2 |
| Tenure | Long Leasehold | Year Built | 1994 |
| Property Type | Light Industrial | Clear Ceiling Height | 26 ft 2 in |
| Property Subtype | Light Manufacturing | No. Dock-High Doors/Loading | 1 |
| Building Class | B |
| Sale Type | Investment |
| Net Initial Yield | 5.25% |
| Tenure | Long Leasehold |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Rentable Building Area | 42,119 SF |
| Number of Floors | 2 |
| Year Built | 1994 |
| Clear Ceiling Height | 26 ft 2 in |
| No. Dock-High Doors/Loading | 1 |
Amenities
- Fenced Lot
- Security System
- Yard
- Roller Shutters
- Air Conditioning
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