ORMSIDE WAY, REDHILL
B1 & B8 INDUSTRIAL USE WITH 3,550 SQUARE FEET OF SPACE
Great location:
Unit 31 is conveniently situated close to plenty of amenities, approximately a mile northeast of central Redhill on the established Holmethorpe Industrial Estate.
With Redhill Railway Station about a mile away, staff can enjoy regular services into London.
The estate is less than three miles from junction 8 of the M25 and Gatwick Airport can be reached within 15 minutes.
Key Statistics 2022:
Acquired freehold in April 2022
Valuation: £625,000
Rental Yield: 6%
Portfolio IRR (Levered); >10%
Let on a 3 year fully-repairing basis to SAFE I.S., a fire safety and training company.
Description:
Unit 31 is a modern, mid-terraced light industrial unit with storage and office space across ground and first floors. There are both open plan and individual offices, a meeting room, kitchen and loading and parking area to both the front and the rear of the warehouse.
What we have done:
Since there is already a happy tenant in residence, our changes will form part of a long-term plan to be enacted as and when staffing levels allow. We’ll be working with our tenants to improve the energy efficiency of the unit, focusing first on lighting.
What TENANTS SAY
“Integrity, honesty and professionalism is what gives us confidence to work with Preston & Preston.”
— Felicity Interiors
“It’s always a pleasure to work with pro-active, commercial and helpful landlords that take good care of their properties and tenants.”
— Getir
“Our communications with Preston and Preston have been really very satisfactory, and it’s been a real breath of fresh air compared to everything we’ve experienced in our previous premises.”