Light Industrial for sale

Unit 3CSparrow WayLakesview International Business ParkHersdenCT3 4JH

Sold STC 1,821 sq. ft. | £120,000

Property Description

Commercial information

  • 1,821 sq ft (169 sq m)
  • Use class orders: B1 Business and B8 Storage and Distribution

Full description

Tenure: Freehold

TENANCY
The property is let to Station Garage Sales Ltd (with a director guarantee) for 3 years form August 2013 at a rent of 7,000 per annum.

RENTAL VALUE
The current rent 7,000 pa equates to around 3.85 per sq ft overall (or 5.50 per sq ft in relation to the best space). There is scope to increase the rental income to around 9,500 per annum (equating to 6.50 psf) in August 2016, when the current lease expires.

TERMS
The freehold of the property is available for sale subject to the tenancy described.

Our clients are seeking a price of 120,000. A purchase at this level equates to 68 per sq ft and would provide a net initial yield of 5.7% and a potential reversionary yield of around 7.70%.

DESCRIPTION
The property comprises a single storey industrial unit having a steel portal frame with composite cladding, an insulated roof with translucent panels and a full cover mezzanine. The property has the following features:

7.7m eaves
Roller shutter door
Power floated concrete floor
Double Glazed first floor windows
DDA compliant toilet


More information from this agent

Nearest stations

  • Sturry (2.6 mi)
  • Herne Bay (4.1 mi)
  • Bekesbourne (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

BTF Partnership, Canterbury

27 Watling Street Watling Street Canterbury CT1 2UD

01227 917011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Sturry (2.6 mi)
  • Herne Bay (4.1 mi)
  • Bekesbourne (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

BTF Partnership, Canterbury

27 Watling Street Watling Street Canterbury CT1 2UD

01227 917011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference RS3CSPARROW. 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 BTF Partnership, Canterbury. 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.

Map data OpenStreetMap contributors.