On behalf of landlord Kennedy Wilson Europe Real Estate Plc, Stiles Harold Williams’ (SHW) South London, Surrey and Kent Industrial Department has recently completed the key lettings of units 2 and 5 & 6 Mill Lane Industrial Estate, Croydon.
Unit 2, consisting of a refurbished unit of 10,124 sq ft. has been let to London Re-use Limited on a new 8 year lease at £80,000 per annum.
Unit 5/6, a 17,873 sq ft. high bay warehouse has been let to F Smith & Son (Croydon) Ltd on a new 15 year lease at a rent of £157,500 per annum.
Alex Gale, Partner and head of the Business Space team at SHW commented: “We are delighted to have been able to complete these transactions, with terms having been agreed before works to the units had been completed, highlighting the current strength of the Croydon industrial market. Availability in the immediate area is now running at close to just 4% of the total stock.”
