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UNDER OFFER

Napier Road, Gillingham, Kent, ME7

Guide Price
£1,750,000

£82.90 per sq ft

Business rates & charges may apply

BWP Commercial Property, Home Counties
SIZE AVAILABLE

21,110 sq ft

1,961 sq m

SECTOR

Commercial development for sale

USE CLASSUse class orders: C3 Dwelling Houses and Class E

C3, E

Key features

  • An opportunity to acquire a 0.7 acre freehold business centre site in Gillingham, Kent.
  • Offering scope for redevelopment or continued use as a local business centre.
  • Consisting of 18,266 sqft of vacant commercial space over 5 buildings including a restaurant and several warehouse units, together with 7 residential flats let on ASTs.
  • Current Income £87,600pa
  • Fully Let ERV £207,600pa
  • Not Elected For VAT

Description

Location:
The property is located in a predominately residential area close to Gillingham town centre and railway station.

Gillingham is a town in North Kent located on the River Medway to the East of London. Train services into several London terminals run regularly and take approximately 1 hour. Gillingham is also well connected being close to the M2, M20 and M25.

Description:
The site which measures 0.7 acres was once a local dairy and in later life has been run as a business centre being home to a variety of local businesses. The site is made up of 6 buildings numbered 1-6 with all but one of the commercial units being vacant, in addition there are 7 residential flats being let out on AST's.

Building number 1 is a large brick built warehouse style building with retail on the ground floor
fronting onto Napier Road, there is also a roller shutter door. Building 2 is made up of three sections, 42A which is laid out over two floors and was formally used as a bathroom showroom, 42B which is a large full height warehouse unit with full height roller shutter door, and Part building 2 which is over two floors and presently used as a site office by the owners.

46 Napier Road which is directly behind building 2 and consists of 3 residential flats number 4, 5 & 6 at ground floor level all let on AST's, the first floor is vacant. Next to building 46 Napier Road is building 3 which was formally used as a workshop.

Building 4 is a grey fronted unit which let as a bakery for 25 years from 1st January 2021 at a rent of £24,000pa. Finally building 5 which is a large vacant former restaurant with 4 residential flats above fronting onto Napier Road.

Leases:
Copies of the residential tenancy agreements are available on request.

VAT:
The property is not elected for VAT.

Energy Performance Certificate:
Copies of the EPCs are available on request.

Business Rates:
Rateable values for the various buildings are available on request or directly via the valuation office.

Brochures

Napier Road, Gillingham, Kent, ME7

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Gillingham Station0.3 miles
  • Chatham Station1.5 miles
  • Rochester Station2.1 miles

Notes

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Disclaimer - Property reference 40NapierRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BWP Commercial Property, Home Counties. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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