Curchod & Co have been experiencing strong demand for industrial/warehouse buildings in the Surrey region, which is mirrored throughout the South East of England and beyond. This is due to a variety of factors including the rapid growth of online retail and the focus on ‘last mile delivery’ exacerbated by Covid-19 and the take up of trade counter units in specific locations together with growth in the traditional warehouse and conventional industrial/technology market.
In the last c.3 years there has been significant freehold and rental growth throughout the south east and rents are now at record levels.
As evidence of strong demand in the Surrey Industrial market, a private landlord, advised by Gary Whitaker at Curchod & Co’s Weybridge office, has recently disposed of two storage and distribution units at Egham Business Village last year and sold & leased two additional warehouse/industrial units close by on the Thorpe Park Industrial Estate.
One of the units in the Egham Business Village comprised a modern end of terrace industrial/warehouse building of 5,243 sq ft with a front car parking area and single loading door. The self-contained property has been sold in October 2020 to Greythorne Services. We were quoting a sale price of £1,000,000.
Towards the end of last year we placed under offer another warehouse comprising of c4,600 sq ft, located nearby at Trade City, Brookwood Close, Sunbury-on-Thames at close to the quoting price of £1.1m.
Gary commented “due to the historic lack of development and the exceptional demand we are experiencing at this time we can only see this market strengthening and rents / values increasing”.
Curchod & Co provide a full range of commercial property services including selling, letting, valuation, property management, building surveying. For further information please visit www.curchodandco.com
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