Preston & Preston Acquires Unit 17 at Red Lion Business Park
Preston & Preston is pleased to announce the freehold acquisition of Unit 17 at Red Lion Business Park in Tolworth, Surrey.
The unit extends to approximately 2,000 sq ft and is located close to the A3, within one of Preston & Preston’s established industrial locations. This marks our fourth acquisition at Red Lion Business Park.
Unit 17 is a clear example of our asset management approach. The property will be refurbished and repositioned from a dated industrial unit into a modern, clean and flexible space suited to a range of occupiers.
The planned works will create space suitable for manufacturing, distribution, service-based businesses and other industrial uses. The unit is expected to be available to let following completion of the refurbishment.
We are pleased to be working with Stainsby Contracts on the improvement works, with Hurst Warne advising on the purchase and letting, and Wedlake Bell supporting the legal process.
Formed in 2016, Preston & Preston Capital is a British property investment firm focused on long term ownership, leasing and active management of mixed-use, commercial and light industrial properties. We are constantly seeking new assets to develop and add to our growing high-yield portfolio.
