Brazil Close, Beddington, Croydon, CR0 4XQ, UK

Unit 1 Brazil Close, Beddington Farm Road, Croydon

Asset Description

A unique opportunity to acquire a high quality, last-mile warehouse facility, extending to 40,901 sq ft, in a prime urban London location.

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Asking price

€14,023,000

Building area gross

3,800 m²

Remaining lease term

8.64 years

Occupancy

100%

A unique opportunity to acquire a high quality, last-mile warehouse facility, extending to 40,901 sq ft, in a prime urban London location
Located in the prominent location of Croydon, one of South London's main commercial districts/arterial hubs, popular for a range of uses including last-mile delivery, open storage and retail warehousing
Let to DPDGroup UK Limited until 20th December 2032, providing an unexpired term of 8.64 years
DPDGroup UK Limited benefits from a CreditSafe Score of 100, reflecting a very low risk of business failure
The current passing rent is £728,000 per annum, reflecting a rent of £17.82 per sq ft, with prime rents in the area at £22.50 per sq ft, demonstrating the asset's reversionary potential in excess of 20%
The site extends to 2.44 acres (0.99 hectares) providing a low site density of 38%
Freehold
The unit is a key location for DPD and serves as a last mile hub for key delivery areas including Croydon, Brixton and Greenwich