Electrical goods wholesaler Moss Electrical is relocating to Dartford, Kent, from East London, following its purchase of a 119,780 sq ft warehouse from AXA REIM for £7.4 million.
The high-profile refurbished building, known as Dartford Gateway, sits on a self-contained 4.8-acre site on Sandpit Road. The deal equates to a capital value of £62 per sq ft.
Chip Mitton of Edwin Hill, joint agent with Knight Frank for AXA REIM, said: “Moss Electrical needed to relocate, following the sale of its existing premises for residential redevelopment, and required a large enough building with good motorway access from which to service its national customer base.
“Dartford Gateway provides a high standard of accommodation just one mile from junction 1a of the M25, along with good connections into London, and therefore fulfilled Moss’ criteria.”
