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- Opportunity to acquire an inner-London industrial site with vacant possession benefitting from Class B8 storage and distribution planning permission.
- Likely to be of interest to investors and owner occupiers.
- The property is located in the heart of West Norwood in the centre of the high street.
- Freehold site of 0.3 acres.
- 4 industrial units extending to approximately 6,450 sq ft GIA.
- Potential to refurbish and re-let for various uses including distribution, trade counter & storage.
- The site also forms part of a large parcel of land that could offer significant future development potential.
- We are instructed to seek offers in excess of £1,500,000 (One Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
- A purchase at the asking price would reflect an attractive Capital Value of £232 per sq ft on the existing building and £115 per sq ft on the site area.
- The adjoining B&Q retail warehouse was sold in March 2018 for £528 per sq ft Capital Value.
