Hoddesdon

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Industrial Logistics Estate

South East logistics location just off the A10 London to Cambridge route approx. 7 miles from the M25.

Significant nearby occupiers include Sainsbury, Bidvest, Lansing Linde.

The 12.3 acre site includes 172k sq. ft of a substantial B8 distribution warehouse complex comprising of ambient chill/freezer units.

The site was occupied by Bidvest but was acquired with VP.

The warehouse requires small refurbishment capex, but has significant occupier interest. The space is expected to be fully let within 3-4months.

Property Type Industrial Logistics
Initial Cost £21.5m
Date Acquired Mar 2018
Target Yield 5%
Expected Expenditure £3m
Expected Sale Date Mar 2020
Projected Exit Value £34m
Projected MM 2x

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