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Boorman Way - Estuary House 4,907 sq ft Office Unit Offered at £862,500 in Whitstable CT5 3SE
INVESTMENT HIGHLIGHTS
- Good road connections
- Close to residential areas
- Amenities nearby
EXECUTIVE SUMMARY
The property forms part of a modern business park that includes other similar specification office buildings and good access, being adjacent to a junction onto the A299 dualled Thanet Way, which connects with the M2 at Faversham and the national motorway network.
PROPERTY FACTS
| Total Property Size | 5,000 sq ft | Floors | 2 |
| Property Type | Office (Unit) | Typical Floor Size | 2,500 sq ft |
| Property Subtype | Office / Residential | Year Built | 2015 |
| Costar Property Class | B |
| Total Property Size | 5,000 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | Office / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 2,500 sq ft |
| Year Built | 2015 |
AMENITIES
- EPC - C
- EPC - D
1 UNIT AVAILABLE
Unit 2 & 3
| Unit Size | 4,907 sq ft | Sale Type | Investment |
| Price | £862,500 | Tenure | Long Leasehold |
| Price Per sq ft | £175.77 | Net Initial Yield | 3.48% |
| Unit Use | Office | NOI | £30,000 |
| Unit Size | 4,907 sq ft |
| Price | £862,500 |
| Price Per sq ft | £175.77 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 3.48% |
| NOI | £30,000 |
DESCRIPTION
The property comprises the first floor within a modern two-storey office block that was built in 2008 by George Wilson Developments.
It is currently configured into two self-contained suites with their own separate entrances from the first floor landing
The accommodation in both suites provides a mixture of open plan good and private quality office space, each with an impressive fully glazed meeting room. The offices benefit from raised floors, suspended ceilings, LG3 strip lighting and air conditioning, as well as lift access and private cloakroom and kitchen facilities.
SALE NOTES
For the long leasehold interest, which is for 999 years from 2008 at an annual peppercorn rent, we are instructed to seek offers in the region of £862,500.
Suite 3 may be available for purchase separately – further details are available on application
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Boorman Way - Estuary House
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