Red Lion, Tolworth (3 units)

B2 Industrial use with 3,132 to 10,797 square feet of space

Great location:

• Red Lion Business Centre is situated just off the main A3 arterial route close to its intersection with the A240.

• Central London is approx. 13 miles northeast and the M25 (Junction 10 at Wisley) is approx. 9 miles southwest which in turn gives access to the wider national motorway network.

• Heathrow and Gatwick Airports are within easy reach.

• Main line rail services at Tolworth and Surbiton connect to London Waterloo.

Key Statistics 2020:

• Acquired freehold in August 2019

• Valuation; £1,750.000

• Value-add from refurbishment; 9%

• Unlevered rental yield; 7%

• Portfolio IRR (Levered); >10%

• 3 separate units respectively let on 5-year Internal Repairing leases to Getir (online grocer), Surbiton Glass (a specialist glazier) and SR Vertex (an internet retailer).

Description:

The property comprises three adjoining but separate warehouse/industrial units which have undergone comprehensive refurbishment. Each unit has contemporary office accommodation, additional mezzanine storage, kitchen, WC facilities and loading access via an up and over roller-shutter door. Each office has air conditioning and new LED recessed light fittings. Each unit has external allocated parking.

What we have done:

Refurbishment included roof repairs, new electrics and LED lighting, double glazed windows, new reception and welfare facilities, and redecoration of the entire building including the factory floor.