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Compass South Chatham Maritime 33,857 sq ft Office Property Chatham ME4 4YG £5,230,000 (£154.47/sq ft) 10% Net Initial Yield
Investment Highlights
- Great transport links
- 2.47-acre virtual freehold site offering genuine alternative use optionality
- The property holds an EPC A (24) rating following a c. £2.1m tenant refurbishment, with excellent parking provision (157 spaces)
Executive Summary
The opportunity is available for offers in excess of £5,230,000, reflecting a net initial yield of 10.00% and a low capital value of £154 psf.
The building comprises approximately 33,857 sq ft of Grade A office accommodation across three floors, fully let to Portal Chatham LLP and guaranteed by Vanquis Bank Limited (5A1 D&B rated)
The building comprises approximately 33,857 sq ft of Grade A office accommodation across three floors, fully let to Portal Chatham LLP and guaranteed by Vanquis Bank Limited (5A1 D&B rated)
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
33,857 sq ft
Costar Property Class
C
Year Built/Renovated
1989/2016
Price
£5,230,000
Price per sq ft
£154.47
Yield
10%
NOI
£523,000
Tenancy
Single
Number of Floors
3
Typical Floor Size
11,286 sq ft
Plot ratio
0.33
Total Plot Size
2.37 ac
Parking
162 Spaces (4.78 Spaces per 1,000 sq ft Leased)
Amenities
- Bus Route
- Controlled Access
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Natural Light
- Open-Plan
- Raised Floor System
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Contacts
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Archie Hancock -
James Cook -
Joe Dowley -
Martha Allhusen -
Dowley Turner Real Estate
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Compass South | Chatham Maritime
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