SALFORDS, REIGATE
B2 INDUSTRIAL USE WITH 2,988 SQUARE FEET OF SPACE
Great location:
Unit 23 sits within Salfords Industrial Estate, ten minutes from junction 8 of the M25 and conveniently close to junction 9 of the M23.
The building lies close to Salfords Rail Station, providing a fast and direct route to London Victoria.
Redhill town centre is approximately 3 miles north of the estate, and Gatwick airport is less than ten minutes’ drive to the south.
Key Statistics 2022:
Acquired freehold in April 2022
Valuation; £600,000
Rental Yield; 6%
Portfolio IRR (Levered); >10%
Let on a fully-repairing basis with 6 years remaining term to German Light Products, a stage lighting supplier to the music industry.
Description:
Unit 23 is a modern warehouse unit with a small, open plan office area on the first floor. There is parking and a loading area to the front of the building, with a full height roller loading door.
What we have done:
We replaced the inefficient sodium lighting in the warehouse with modern and highly efficient Hi Bay LED lights. Since our happy tenants were already in residence when we acquired the building, we have put a long-term plan in place to make changes when we can do so with as little disruption as possible.
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.”