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Investment - Industrial to Buy

Ormside Way, Redhill, RH1

£2,500,000 £184 /sf
13,577 sf
 
£2,500,000 £184 /sf
13,577 sf
The property comprises the eastern half of a 6 bay terrace of industrial / warehouse units of steel portal frame construction built in the mid 1980’s, together with the Ormside Way spur estate roads off the main north south access road through the estate. Unit 21 offers a complete bay and is single storey throughout with the exception of a small element of offices and ancillary at mezzanine level. There is a trade counter frontage and rear loading. Units 23 and 25 are constructed back to back each extending over two bays, have higher office and ancillary content at mezzanine level and front loading only.

Net Initial Yield of 4.89% assuming purchaser’s costs of 6.33%.
Investment to Buy
Investment - Industrial

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RE: Ormside Way, Redhill, RH1  (210226160331)

map markerOrmside Way, Redhill, RH1

The established Holmethorpe Industrial Estate, is located within approx. 1 mile to the north east of Redhill town centre and mainline rail station. The property is situated on the western side of Ormside Way, the main access road onto the Holmethorpe Estate from the A23 London Road via Battlebridge Lane. Redhill rail station provides fast and regular services to the south coast, Gatwick Airport and Central London. Gatwick Airport is within 10 miles to the south via the A23 and the M25, 3 miles to the north west at Junction 8 and 7 miles east at junction 6
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