Map View
Sold on 16/03/2023
£8,700,000 (Subject to Contract and Exclusive VAT)
Sidcup is an area of south-east London, primarily in the London Borough of Bexley and bordering the London Boroughs of Bromley and Greenwich. The site is prominently located on the slip road to the A20 Sidcup by-pass providing excellent access to the M25 and M20 road networks around Greater London. Central London is approximately 14 miles (23km) away via A20, and the town of Orpington is 4 miles (6km) to the south west along the A224. The property is situated adjacent to an owner occupied B&Q Warehouse, and within close proximity to Orpington Retail Park and Nugent Retail Park, both located 2 miles (3km) away.
The property comprises a modern freestanding retail warehouse extending to 24,043 sq ft (2,233.6 sq m) including first floor accommodation of 1,612 sq ft (149.7 sq m), with a central entrance feature and glazed windows either side. Externally there are separate loading facilities and customer car parking of 120 spaces, providing an attractive ratio of c.1:200 sq ft. The car park is split into a front and rear section, divided by the access road from the A20.
649647.50 per annum exclusive
Freehold
A net initial yield of 7%.
Partner | Investment
Green & Partners understand our needs and continually exceed expectations.
abrdn
Thorough, tenacious, practical in their outlook and approach but above all they get results.
La Salle Investment Management
The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.
M & G Real Estate
Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.
DTZ Investors
With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.
Hammerson
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