Berry Group has acquired a freehold car showroom site at 8 Imperial Way in Croydon from an institutional landlord for an undisclosed price.
The 17,598 sq ft former Mazda dealership has been acquired by Berry Group for a state-of-the-art BMW body shop.
Wayne Berry, group CEO of Berry Group, said: “The purchase of this property allows us to continue our growth trajectory in the South London conurbations and provides us additional facilities for our fast growing BMW franchise.”
Alex Gale, senior partner at SHW, which acted on behalf of the landlord on the sale, added: “The property – sold with vacant possession – was well positioned to provide options for a variety of occupiers to acquire either leasehold or freehold, and included planning for a change of use and or division of the site.
“We are delighted to have secured the sale to an operator who will capitalise on the strong, visible location, joining a well-established list of occupiers in the area such as Toyota, Lexus, MG, Mazda and Ancaster group.”
