The Property
A freehold light industrial investment with asset management and development potential.
Located centrally in Eltham, a 6 minute walk (0.3 miles) to the Train Station, and with easy access to the A2, A20 and A205, the existing building makes an ideal light industrial/storage & distribution unit.
At the point of sale, the property was let to a tenant operating a car repair/MOT garage, who had been established from the premises for over 10 years. Their lease contained two uncapped open market rent reviews which had not been implemented.
The property offered medium/longer-term development potential, given its unallocated use in the Greenwich Local Plan, and the precedent set for residential-led development by neighbouring sites.
The existing building is single storey (double height) and measures circa 7,000 sqft, plus benefits from a yard included within the freehold of a further circa 2,200 sqft. The sites footprint is therefore approximately 0.21 acres.
Location
