20 June 2018
Bedford Point– a 13,115 sq ft self-contained office building on Dingwall Road, Croydon - has been let to Sopra Steria Ltd by SHW at a rental equivalent to £27.50 per sq ft. The lease expires in November 2023 with tenant breaks in 2021 and 2022. The freehold investment of Bedford Point is now available to purchase with a guide price of £5.2m which reflects a net initial yield of 6.4%.
The building comprises offices at ground to third floor with 11 car spaces to the rear.
Dingwall Road is close to the £1.4bn Hammerson / Westfield development site and one minute’s walk from East Croydon train station.
SHW Director Holly Purvis said: “This is an excellent opportunity to buy in a town with increasing rents and a huge amount of inward investment. Overall headline rents remain comparatively low in Croydon at circa £30.00 per sq ft but with availability at under 3% further rental growth is predicted.’
All interested parties are recommended to speak with SHW LLP or Chris Freer-Smith Ltd.
020 8662 2735