Acquisition of Iris Portfolio; Four New Properties
Capital Industrial are delighted to announce that they acquired the Iris Portfolio in June 2021. The Iris Portfolio is comprised of four unbroken, multi-let industrial/trade estates all located within 12 miles of Central London; Merton Road Industrial Estate, Heathlands Industrial Estate, Christchurch Industrial Estate & Units 24-40, London Industrial Park. The four properties have a Gross Internal Area of 141,023 sq ft and are made up of 32 units let to 24 tenants.
Merton Road Industrial Estate is a highly reversionary inner-London multi-let trade estate, comprising of an unbroken terrace of eight light industrial/trade units which was constructed in the 1980’s. Prominently located in the affluent and commercial suburb of Wandsworth, the property benefits from extensive and prominent main road frontage.
Heathlands Industrial Estate is comprised of an unbroken 10 unit, self-contained, light industrial/trade estate, totalling 1.73 acres, which was constructed in the 1980s. It is located off Twickenham High Street, in the affluent London Borough of Richmond upon Thames.
Christchurch Industrial Estate is a highly prominent, multi-let trade estate, comprised of seven units arranged across three separate blocks, situated on Forward Drive, the primary east-west arterial road to the north of Harrow town centre, an established London commercial centre.
London Industrial Park is a secure, multi-let industrial estate comprised of seven units arranged across two terraces, strategically located in the heart of the Thames Gateway in Beckton, a very well-established commercial centre located in the London Borough of Newham.
The portfolio benefits from a truly diversified income profile and all properties provide modern, well-configured estates with very strong occupational demand and very low vacancy rates.
Posted by Capital Industrial
Filled in News
Posted on July 26, 2021