£19.23/sq ft
Avg multi-let rent (London)
Greater London
Specialist Light Industrial Finance in Greenford
Funding for industrial units, workshops and multi-let estates in Greenford: commercial mortgages, acquisition finance, bridging, development, mezzanine and long-term debt.
Written and reviewed by Matt Lenzie Founder & Principal Broker · 25 years arranging commercial property finance
4.9%
Prime multi-let yield (London)
9.4%
Industrial vacancy (UK, MSCI)
Light Industrial Finance arranges funding for industrial units, workshops and multi-let estates across Greater London. Whether you are buying a unit for your own business, refinancing a multi-let estate, or funding a yard, a trade counter or a refurbishment, we model the deal for your Greenford property and place it with the right lender. Greenford sits in Greater London, within the Greater London industrial market.
Every facility we arrange is grounded in the market evidence. Multi-let rents in the region average around £19.23/sq ft (London multi-let average, Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024), with prime Greater London estates at £40/sq ft (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024) and prime equivalent yields around 4.9% (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024). We then underwrite the specific Greenford property, its income and its occupier demand, on its own merits.
Commercial mortgages on Greenford industrial units
A commercial mortgage is the core way to buy or refinance an industrial unit in Greenford. For investors, lenders size the loan against the rent: typically up to around 65 to 70 percent loan to value, tested so the net rental income covers the interest with a clear margin, with the tenancy schedule, the estimated rental value and the re-letting depth of the Greenford market all part of the assessment. For owner-occupiers buying their own premises the loan is underwritten on the trading business instead, its accounts and its debt service cover, and can reach around 70 to 80 percent for established firms. Terms run from 5 to 25 years. We place each facility with the lender that prices Greenford industrial property best across Greater London.
Workshops, trade counters and multi-let estates across Greater London
Each property type is underwritten differently. We arrange finance for workshops and light industrial units, trade counters, multi-let industrial estates, hybrid and flex space, small warehouses and open storage yards in Greenford and across Greater London. A fully let estate of small units with dozens of SME tenancies and a single vacant workshop bought at auction are credit-assessed in very different ways, and knowing which lender backs each format is the work we do before a deal reaches credit. Multi-let estates carry short leases that re-gear to market quickly, which lenders read as reversionary income, while trade counters lean on the covenant strength of national trade brands.
Finance we arrange in Greenford
How much you can borrow against Greenford industrial property
On an industrial investment in Greenford, a commercial mortgage usually reaches around 65 to 70 percent of value, so you would budget for equity of roughly a third of the price plus stamp duty and costs. The figure is driven by the quality of the income, the tenants, the unexpired lease terms and the condition of the unit, not the postcode. Vacant or part-let property is funded differently: bridging finance secures an auction purchase or a unit awaiting letting, typically to around 70 to 75 percent of value from around 0.75 percent per month, and development or refurbishment finance funds works to around 65 to 75 percent of cost, with mezzanine stretching the stack where the scheme supports it. Interest rates depend on the lender, the leverage and the income profile, so we quote them deal by deal rather than as a headline rate. We size the right facility, rate and equity requirement for your Greenford deal.
Where industrial property trades in Greenford
The world's first synthetic aniline dye was produced at William Perkin's Greenford factory in 1856, an event widely regarded as the starting point of the modern organic chemicals industry. Greenford, known to many as Great Greenford, is served by A40 and A406, the kind of road access that drives occupier demand for industrial units and supports the rents an estate can sustain. Occupiers here draw staff and customers from across the town, from Greenford Green, North Greenford, Greenford Broadway and Perivale, the catchment a lender weighs when it considers re-letting risk. Planning applications for industrial use, including change of use within Class B2, B8 and E(g), are determined by London Borough of Ealing.
Greenford industrial market profile
- Planning authorityLondon Borough of Ealing
- Road accessA40, A406
Location facts and Land Registry data. Market figures shown are national or Greater London-level, not Greenford-specific.
The Greater London industrial market
Greenford is an established industrial market within Greater London, the kind of catchment lenders are comfortable underwriting. Well-let units and estates attract competitive commercial-mortgage and term-debt pricing, while bridging and refurbishment finance suit vacant units, auction purchases and value-add plays where the exit is clear.
London is the most expensive multi-let industrial market in the UK, where last-mile logistics, food production and trade counters compete for a shrinking stock of urban estates led by Park Royal.
London carries the strongest multi-let rents in the UK: Inner London prime stands at £40.00 per sq ft and Park Royal, the largest industrial cluster in the country, at £35.00, against a Greater London all-grades average of £19.23 on the Gerald Eve Q3 2024 bulletin. Inner London prime rent grew 78 percent cumulatively over Q3 2020 to Q3 2024, and although growth has since cooled, the development pipeline of 1.3m sq ft with only 331,000 sq ft under construction is negligible against the size of the market. Equivalent yields of 4.75 to 4.90 percent are the keenest in the UK, which is why institutional and private equity capital prices London estates ahead of everything else. We fund London multi-let at the strongest leverage in the sector, and the recurring work is refurbishment and EPC-upgrade finance on older estates where the reversion justifies the spend.
Market commentary and figures for Greater London are drawn from Gerald Eve (a Newmark company) (Multi-Let, Winter bulletin, 2024).
Sources and methodology
Industrial market figures are published nationally or regionally, not per town, so the rents, vacancy and yields on this page are presented as context for a Greenford appraisal and attributed to their sources (Gerald Eve (Newmark), Multi-Let Winter bulletin 2024; MSCI UK Quarterly Property Index, Q4 2025 results). Town-level facts are different: road access, the named estates, the planning authority are genuinely local and sourced. We do not publish a Greenford-specific rent or yield as if it were measured. Nationally the multi-let industrial market runs to 500m+ sq ft of space (Gerald Eve (Newmark), Multi-Let, Winter bulletin 2024).
FAQ
Light industrial finance in Greenford: common questions
Can you get a mortgage on an industrial unit in Greenford?
Yes. An industrial unit in Greenford is financed with a commercial mortgage rather than a residential loan. We arrange them for owner-occupiers buying their own premises, underwritten on the trading business, and for investors buying let units or estates, underwritten on the rent, typically to around 65 to 70 percent loan to value, and we place each one with a lender that backs the sector.
How much deposit do I need to buy an industrial unit in Greenford?
Most lenders advance around 65 to 70 percent of value on a let Greenford industrial investment, so plan for equity of roughly 30 to 35 percent of the price plus costs. Established owner-occupiers can often reach around 70 to 80 percent against their own premises. A vacant or short-income unit is funded on more cautious terms, often via a bridge first.
What are Greenford industrial finance rates and terms?
Rates depend on the lender, the leverage and the income profile of the property, so we quote them deal by deal rather than as a headline. Indicatively, term debt starts from around 6 percent, development finance from around 8 percent and bridging from around 0.75 percent per month, with terms from months on a bridge to 25 years on a commercial mortgage. For market context, regional multi-let rents average around £19.23/sq ft (London multi-let average, Gerald Eve (Newmark), Multi-Let Winter bulletin 2024, Q3 2024).
Can I fund a multi-let estate or a yard in Greenford?
Yes. Multi-let industrial estates are funded on the rent roll, with the lender testing interest cover against the net income and the manager's ability to run dozens of small tenancies; open storage and industrial yards are funded against the land with more conservative leverage, typically around 55 to 65 percent. We arrange both routes across Greater London.
Funding an industrial unit in Greenford?
Send us the outline and we will come back with a view on fundability and likely terms within one working day.