Sopra Steria Ltd move into Bedford Point

Sopra Steria Ltd have expanded their offices into Croydon with their recent let of Bedford Point.

The technology company has let the full 13,115 sq ft self-contained office building on Dingwall Road, Croydon a rental equivalent to £27.50 per sq ft. The lease expires in November 2023 with tenant breaks in 2021 and 2022.

The freehold investment of Bedford Point is also available to purchase with a guide price of £5.2m which reflects a net initial yield of 6.4%.

The building comprises offices at ground to third floor with 11 car spaces to the rear.

SHW Director Holly Purvis said: “This is an excellent opportunity to buy in a town with increasing rents and a huge amount of inward investment. Overall headline rents remain comparatively low in Croydon at circa £30.00 per sq ft but with availability at under 3% further rental growth is predicted.’

All interested parties are recommended to speak with SHW LLP or Chris Freer-Smith Ltd.