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Boxley Rd 7,798 sq ft Industrial Unit Offered at £1,100,000 in Maidstone ME14 2DZ
Investment Highlights
- Excellently situated for access to the M20 at Junction 7 Warehouse/Industrial space with office accommodation fully let to two tenants
- Viewpoint forms a popular and well established Industrial Estate of 14 units located just off the M20 motorway from either Junctions 6 (1.4 miles)
- The ground floor has been let to an established plc company.
Executive Summary
The property is the prime unit on the estate also benefitting from excellent signage opportunities to the M20 motorway. It is a self-contained industrial unit of ground floor warehouse and Trade Counter with first floor office mezzanine which has been let out separately. Externally there is a large forecourt / parking area providing parking for 16+ cars.
Property Facts Under Offer
| Total Property Size | 20,720 sq ft | Typical Floor Size | 16,749 sq ft |
| Property Type | Industrial (Unit) | Year Built | 2004 |
| Property Subtype | Service | Total Plot Size | 4.27 ac |
| Costar Property Class | B | Parking Allocation | 0.39/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 20,720 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Service |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 16,749 sq ft |
| Year Built | 2004 |
| Total Plot Size | 4.27 ac |
| Parking Allocation | 0.39/1,000 sq ft |
Amenities
- Security System
- EPC - D
- Roller Shutters
- Storage Space
- Recessed Lighting
- Air Conditioning
Utilities
- Sewer
1 Unit Available
Unit 1
| Unit Size | 7,798 sq ft | Tenure | Freehold |
| Price | £1,100,000 | Sale Status | In Exchange |
| Price Per sq ft | £141.06 | Net Initial Yield | 6.96% |
| Unit Use | Industrial | NOI | £76,560 |
| Sale Type | Investment |
| Unit Size | 7,798 sq ft |
| Price | £1,100,000 |
| Price Per sq ft | £141.06 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Status | In Exchange |
| Net Initial Yield | 6.96% |
| NOI | £76,560 |
Description
Excellently situated for access to the M20 at Junction 7 Warehouse/Industrial space with office accommodation fully let to two tenants until 23rd April 2028 with potential for rental growth. The ground floor has been let to an established plc company. The first floor office mezzanine has been let out separately on a Lease, Outside the Landlord & Tenant Act, expiring at the same time as the ground floor lease allowing to for flexibility to re-structure at the expiry of the Leases.
Sale Notes
FREEHOLD INDUSTRIAL INVESTMENT ---- FOR SALE ---- CURRENTLY LET AT £76,600 PER ANNUM GUIDE PRICE £1,100,000 REFLECTS A 6.96% ARY
+2 More
Floor Plan
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Boxley Rd
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