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Norwood Road, London SE27

Freehold For Sale with Vacant Possession Benefitting from Storage & Distribution Use
  • Opportunity to acquire an inner-London industrial site with vacant possession benefitting from Class B8 storage and distribution planning permission.
  • Likely to be of interest to investors and owner occupiers.
  • The property is located in the heart of West Norwood in the centre of the high street.
  • Freehold site of 0.3 acres.
  • 4 industrial units extending to approximately 6,450 sq ft GIA.
  • Potential to refurbish and re-let for various uses including distribution, trade counter & storage.
  • The site also forms part of a large parcel of land that could offer significant future development potential.
  • We are instructed to seek offers in excess of £1,500,000 (One Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
  • A purchase at the asking price would reflect an attractive Capital Value of £232 per sq ft on the existing building and £115 per sq ft on the site area.
  • The adjoining B&Q retail warehouse was sold in March 2018 for £528 per sq ft Capital Value.
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