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Two new lettings at Mill Lane industrial centre

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Two companies have taken out new lettings at Mill Lane Industrial Estate in Croydon.

Unit two, a refurbished 10,124 sq ft building, has been let to London Re-use Limited on an eight-year lease at £80,000 per year.

Meanwhile, F Smith & Son (Croydon) have taken the 17,873 sq ft high bay warehouse – units five and six – on a new 15-year lease at £157,500 per annum.

The sites were let by Stiles Harold Williams’ south London, Surrey and Kent industrial department on behalf of landlord Kennedy Wilson Europe Real Estate plc.

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 four per cent of the total stock.”