Southwark based property agents Henshall & Partners have sold a 1.4-acre warehouse unit for £16.5 million to Legal & General’s Industrial Property Investment Fund. The subject property extended c.60,000sqft and is located in South Bermondsey, SE16. It was producing £650,000pax worth of income from longterm tenancies. 

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This recorded another industrial sale for Henshall & Partners.The agents have now amassed nearly £30 million worth of investment sales in Southwark/ South London in recent weeks. Alongside this SE16 disposal, Henshall & Partners have recently sold sites on Walworth Road SE17 for £6.5 million, Risborough Street SE1 for £4.35 million and Lynton Road SE1 for £2.5 million. 

Chris Henshall, Managing Director of Henshall & Partners commented: “We are happy to announce the successful sale of this industrial estate to Legal & General’s Industrial Property Investment Fund for £16.5 million. The property was well let and generating a strong rental income. We were very pleased to act for a local landowner and secure a competitive yield at 3.9% on this disposal. It marked a very active quarter for our team in Southwark in particular”

Henshall & Partners was founded in 2017 by Chris Henshall, who has over ten years of experience in the commercial property industry. Henshall & Partners offer services focused on land, development and investment properties across London and the Southeast. The company retains a loyal client base due to their extensive knowledge on emerging areas and evolving plans implemented by local government alongside forward-thinking marketing strategies. 

Henshall & Partners are currently marketing several investment units in London.

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