Industrial Logistics Estate
South East logistics location just off the A10 London to Cambridge route approx. 7 miles from the M25.
Significant nearby occupiers include Sainsbury, Bidvest, Lansing Linde.
The 12.3 acre site includes 172k sq. ft of a substantial B8 distribution warehouse complex comprising of ambient chill/freezer units.
The site was occupied by Bidvest but was acquired with VP.
The warehouse requires small refurbishment capex, but has significant occupier interest. The space is expected to be fully let within 3-4months.
| Property Type | Industrial Logistics |
| Initial Cost | £21.5m |
| Date Acquired | Mar 2018 |
| Target Yield | 5% |
| Expected Expenditure | £3m |
| Expected Sale Date | Mar 2020 |
| Projected Exit Value | £34m |
| Projected MM | 2x |