Salmon Completes Sutton Industrial Deal

September 18, 2013

Commercial property company Salmon Developments has bought 100,000 sq ft of industrial and warehouse buildings on Kimpton Industrial Park in Sutton, south west London.

Salmon has bought the long leaseholds of the properties at 38 Kimpton Road and 4 & 6 Wealdstone Road from private owner, Quadrant Ventures. Salmon paid an undisclosed sum for the four-acre site, which is near the A217 London Road.

Salmon is now preparing an asset management plan and considering a refurbishment and re-letting programme. The main occupier is set to leave in September 2014, and the remainder of the buildings are vacant. Current rent roll is approximately £500,000 a year.

The London Borough of Sutton remains the freeholder.  Michael Le Gray & Co. advised Salmon.

 

-ENDS-

 

Latest News

ORFORD HOUSE, NORWICH COMES TO THE MARKET

March 2, 2021 - 12:32

GCW, on behalf of a private landlord, has launched a prime flagship building in Norwich to the market. The former Debenhams store, named Orford House, is available for sale or lease and is offered as [...]

+ Read More

H&M COMMITS TO LONG TERM FUTURE AT SOVEREIGN CENTROS’ ST. ENOCH CENTRE

March 2, 2021 - 10:58

Sovereign Centros has signed a new 10-year deal with leading fashion retailer H&M, for its 32,000 sq ft store at the St. Enoch Centre in Glasgow. H&M is the latest in a long line of tenants to[...]

+ Read More

IV REAL ESTATE TRANSFORMS TWO BRISTOL OFFICE BUILDINGS

March 1, 2021 - 10:01

IV Real Estate has completed the refurbishment of two prime office buildings in Bristol city centre. Practical completion of 41 Corn Street and the adjoining Gilbert House has now been reached followi[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR