Industrial for sale

Key Points

Description

For Sale - High quality business space investment. The buildings comprise two high quality interconnected two-storey business units of steel portal frame with brick elevations. Internally the ground floor is currently fitted out to the tenants specification to provide staff breakout facilities, conference room and storage areas. Loading is available via a roller shutter door. The first floor provides a number of glass partitioned meeting rooms and open plan office accommodation with excellent levels of natural light. There are WC's at ground and first floor levels. Features include air conditioning, suspending ceilings with inset LED lighting and raised access floors. Externally there are designated parking spaces at the front of the building in addition to a separate gated yard area adjacent to Unit 3 accessed off of May Avenue.

Location

Orpington is situated within the London Borough of Bromley approximately 15 miles south of Central London, 5 miles south east of Bromley and 10 miles east of Croydon. The town is located in the heart of the south east commuter belt. St Mary Cray railway station is a short walk away where there are regular trains to London Victoria. Orpington railway station is located 2 miles distance with regular trains to London Bridge taking 16 minutes. Ravensquay Business Centre is situated on Cray Avenue, a major thoroughfare offering direct access to the M20, M25 and South London (A20) with excellent levels of passing traffic and an established location for trade, retail and distribution.

Terms

The property is available for sale. Offers are invited in excess of £2,100,000 subject to contract and exclusive of VAT, reflecting a net initial yield of 5.64% (allowing 6.3% costs of purchase) and a low capital value of £210 per sq ft.