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Display Rent as
The 2 spaces in this building must be leased together, for a total size of 120,214 SF (Contiguous Area):
This unit comprises 120,214 sq ft of industrial accommodation, inducing both ground and first floor office space. There is also a 524 sq ft plant. The property is available by way of a new full repairing and insuring lease for a term to be agreed.
Space | Size | Term | Rent | Space Use | Condition | Available |
Ground, 1st Floor | 120,214 SF | Negotiable | £22.00 /SF/PA | Industrial | - | Now |
The 2 spaces in this building must be leased together, for a total size of 120,214 SF (Contiguous Area):
Size |
Ground - 114,514 SF
1st Floor - 5,700 SF
|
Term |
Negotiable |
Rent |
£22.00 /SF/PA |
Space Use |
Industrial |
Condition |
- |
Available |
Now |
City Box 120 comprises a substantial, recently renovated logistics facility located on a prime, last-mile industrial estate in North Greenwich. This prominent site affords occupiers excellent road transport links into London with direct access to the A102 towards the City and Central London. North Greenwich Station also provides excellent public transport links with the Underground and bus networks within a 10-minute walk of the estate. The unit has recently completed an extensive refurbishment of the space and is immediately ready for occupation. The unit has been designed with an attractive specification to meet all the needs of the modern industrial occupier. The refurbishment works include enhanced ESG credentials to reduce occupation costs including new roof lights, PV Panels, additional EV charging points and LED lighting throughout the offices. In addition, 5 new ground-level loading doors will be installed on the southern elevation, providing enhanced flexibility for occupiers. The unit also benefits from ground and dock-level loading, a secure yard, and 10% office content.
Greenwich is a strategically located south London borough with a long and rich shipbuilding tradition. It benefits from a riverside location, offering easy access to river freight, while the A2 and A20 provide fast links to the M25 motorway and the ports of Kent beyond. The Woolwich and Blackwall tunnels provide road links to areas north of the river. As such, it is an attractive warehouse destination, especially for last-mile logistics operators looking to service Greenwich and nearby boroughs.
The likes of Makro, Iron Mountain and Sainsbury’s each occupy significant amounts of industrial space here. Despite rapid rent growth in recent years, incoming tenants can still get a decent discount relative to the London average. Greenwich has one of the lowest average industrial rents of any borough in London.
Nearly 300,000 people live in Greenwich. The borough’s population has expanded by around 14% over the past decade, a faster rate than the London average. This has supported demand for industrial space as well as increasing the pool of local workers. Crossrail’s recent arrival is likely to lure more residents in the coming years, especially to places like Woolwich and Abbey Wood to the east of the borough. Wages here are below the London average.
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