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Kencot Way - Veridon Way 8,447 SF Industrial Condo Unit Offered at $3,538,092 CAD in Erith DA18 4AB
INVESTMENT HIGHLIGHTS
- Strategic Erith location with direct access to A2016 and M25
- Secure yard and nine dedicated parking spaces
- Modern specification with offices, mezzanine, and 7m eaves height
EXECUTIVE SUMMARY
Unit 4 Veridion Way presents a rare opportunity to acquire a prime single-let logistics asset in one of London’s most dynamic last-mile industrial hubs. Located within the established Veridion Park in Erith, this modern facility offers exceptional connectivity via the A2016 to Central London and the M25, ensuring seamless access to regional and national distribution networks.
PROPERTY FACTS
| Total Building Size | 8,447 SF | Floors | 2 |
| Property Type | Flex (Condo) | Typical Floor Size | 4,224 SF |
| Property Subtype | Light Manufacturing | Year Built | 1960 |
| Building Class | C | Lot Size | 0.40 AC |
| Total Building Size | 8,447 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 4,224 SF |
| Year Built | 1960 |
| Lot Size | 0.40 AC |
AMENITIES
- 24 Hour Access
UTILITIES
- Lighting
- Water - City
- Sewer - City
1 UNIT AVAILABLE
Unit 4
| Unit Size | 8,447 SF | Sale Type | Investment |
| Price | $3,538,092 CAD | Tenure | Freehold |
| Price Per SF | $418.86 CAD | Cap Rate | 6.63% |
| Condo Use | Industrial | NOI | $234,575.50 CAD |
| Unit Size | 8,447 SF |
| Price | $3,538,092 CAD |
| Price Per SF | $418.86 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.63% |
| NOI | $234,575.50 CAD |
DESCRIPTION
Constructed in 2011, the property combines high-quality warehouse accommodation with well-appointed office space across two floors, complemented by a landlord-owned mezzanine for additional flexibility. Features include a 7.00m minimum eaves height, level access loading, LED lighting, and 3-phase power, all designed to support efficient operations. Externally, the unit benefits from a secure yard and dedicated parking.
SALE NOTES
The asset is let to Versapak International Ltd on a three-year term, generating a passing rent of £133,900 per annum, with prime rents in the area exceeding £20.00 per sq ft. The long leasehold interest (985 years unexpired) at a peppercorn rent underpins strong investment fundamentals. With a guide price of £1,900,000, this acquisition offers an attractive net initial yield of 6.63% and significant potential for rental growth or future owner occupation.
Presented by
Kencot Way - Veridon Way
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