Salfords, Reigate
B2 Industrial use with 4,806 square feet of space
Great location:
Salfords Industrial Estate is located in Surrey between junctions 8 and 9 of the M23. The M23 offers excellent access to both Gatwick airport and the further M25 road network.
The estate is approximately 3 miles south of Redhill town centre.
Salfords Rail Station is located close to the estate and offers fast and direct services to London Victoria as well as Gatwick Airport.
Key Statistics 2020:
Acquired freehold in January 2020
Valuation; £850,000
Rental Yield, unlevered; 7%
Portfolio IRR (Levered); >10%
Let on a 10-year Internal Repairing basis to By the Horns, a successful craft brewing company for their production.
Description:
Unit 11 is a modern unit with a yard area for loading and parking. The concrete floor warehouse has full height roller shutter loading doors and there is modern open plan office accommodation on the 1st floor.
What we have done:
Refurbishment included new LED lighting, new carpets to reception and office and redecoration of the building.
What TENANTS SAY
“We’ve found interactions with Preston and Preston very easy and very helpful (the response to our request for overgrown bushes and foliage at the back of our building to be cut down and cleared was particularly impressive!).”
— Surbiton Glass
“As a commercial landlord, Craig Preston is very knowledgeable and approachable at the same time. He will go out of his way to help you and to make the experience as easy and seamless as possible, and nothing seems to be too much trouble for him.”
— 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.”