In February 2017 Linton Reid acquired a plot with two office blocks of c. 60,000 sq ft located on Wellesley Road in central Croydon, 350m from East Croydon station. It is the book end site to the £1.5bn Westfield and Hammerson retail development and in close proximity to the newly opened Box Park at East Croydon and Ruskin Square development.
9 Wellesley Road is let in its entirety to HSBC providing very secure and stable income from a top quality covenant.
Linton Reid identified the combined site as having substantial redevelopment potential, being located in the Tall Building Zone with the Develop Croydon plan and as such a number of architectural feasibility studies have been undertaken.
This holding represents an excellent opportunity to maintain a strong and growing income stream, whilst retaining excellent prospects for a landmark residential led tower in the medium to long term.