Kenhire Premises, Henwood Industrial Estate, Ashford, Kent, TN24 8DX
- PROPERTY TYPE
Garages
- SIZE
11,250 sq ft
1,045 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Rare Industrial Investment Opportunity
- Occupied by Kenhire Limited at a Combined Rent of £112,500 per annum (exc)
- Hugely Popular Ashford Business - Trading Since 1949
- Guide Price of £1.45m - Reflecting an Initial Gross Yield of 7.76%
- 0.82 Acre Site - Site Cover Ratio of 28%
- Business Unaffected
Description
The property is located towards the front of Henwood Industrial Estate, around half a mile from Ashford Town Centre, being an established and popular trading estate containing a mix of industrial/ warehouse units and modern office buildings.
Description
The property comprises a detached industrial/ workshop building of steel frame construction, having brick and block elevations beneath a mix of flat and pitched roofs, constructed in 1973. It has since been adapted and extended over time to create a vehicle workshop complex.
The buildings are all adjoining and interconnecting arranged a reception and offices to the front with workshops, vehicle spray booth, Bodyshop and associated buildings to the side and rear.
The property is finished to a good modern standard. The offices are constructed to an air conditioned (heating and cooling) specification, having a suspended ceiling incorporating modern lighting, perimeter trunking incorporating power and data and carpeted flooring.
The workshops are finished to an equally modern specification having painted concrete floors, modern lighting and access via several sliding concertina loading doors.
The built property sits on a total site area of approx. 0.82 acres (0.332 hectares), being a site cover ration of around 28%.
Tenure Comments
The property is occupied by Kenhire Limited (Company no. 01064115) across two leases, as follows:
The Land & Buildings are let by way of a Full Repairing & Insuring Lease for a term of 10 years from 9 January 2026 (expiring 8 January 2036) at a rent of £90,000 per annum.
The lease is subject to an upwards only Market Rent Review and Tenant only Break option on the fifth anniversairy (9 January 2031).
The Land on the West Side of Henwood ("The Yard") is let on the same Full Repairing & Insuring basis for a term of 10 years from 9 January 2026 (expiring 8 January 2036) at a rent of £22,500 per annum.
The lease is subject to an upwards only Market Rent Review and Tenant only Break option on the fifth anniversairy (9 January 2031).
The Tenant
Kenhire Limited are a vehicle hire and servicing company that has served Ashford since 1949, being a stalwart in the community and popular local business.
As of 31 March 2025, the business manages a significant portfolio of tangible and fixed assets valued at over £1.9 million, including a major fleet of motor vehicles and freehold property.
Terms
The freehold interest is offered for sale on an unconditional basis subject to the existing tenancies.
Rent/Price
Our client is seeking offers from £1,450,000 reflecting a Gross Initial Yield of 7.76%.
Data Room
A link to a Data Room containing pertinent property information can also be provided. Please ask the agent for further information.
Brochures
Current Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Kenhire Premises, Henwood Industrial Estate, Ashford, Kent, TN24 8DX
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About Sibley Pares Chartered Surveyors, Ashford
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