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Investment Highlights

  • Good road connections
  • Close to Chestfield Mainline
  • Amenities nearby

Executive Summary

The property is situated on the well established and popular John Wilson Business Park just off the A2990 and about ½ mile from Chestfield mainline station and 2 miles from the centre of Whitstable. An access point to the main A299 Thanet Way connecting to the M2 at Faversham is approximately 3 miles to the west. The city of Canterbury is 8 miles to the south.

1 Unit Available

  • Unit
  • Unit Size
  • Unit Use
  • Price
  • NOI
  • Unit 113
  • 1,770 sq ft
  • Industrial
  • £230,000 (£129.94/sq ft)
  • £19,500
Sale Type Investment
Net Initial Yield 8.48%
Tenure Freehold
Description
The property comprises a mid-terrace industrial/warehouse unit of steel frame construction with sloping flat roof and with part brick and part profile steel sheet clad elevations.

The specification includes 5m eaves and a full height roller door.

To the front is allocated space for customer and staff parking and unloading.
Sale Notes
The property is available to purchase with the benefit of the current tenancy
for £230,000, reflecting a gross yield before costs of 8.48%.
VAT is payable, but the vendor has an option to delist the property for VAT if
required by the purchaser.
Unit Unit Size Unit Use Price NOI
Unit 113 1,770 sq ft Industrial £230,000 (£129.94/sq ft) £19,500

Unit 113

Unit Size
1,770 sq ft
Unit Use
Industrial
Price
£230,000 (£129.94/sq ft)
NOI
£19,500

Unit 113

Unit Size 1,770 sq ft
Unit Use Industrial
Price £230,000 (£129.94/sq ft)
NOI £19,500
Sale Type Investment
Net Initial Yield 8.48%
Tenure Freehold
Description
The property comprises a mid-terrace industrial/warehouse unit of steel frame construction with sloping flat roof and with part brick and part profile steel sheet clad elevations.<br> <br> The specification includes 5m eaves and a full height roller door.<br> <br> To the front is allocated space for customer and staff parking and unloading.</li></ul>
Sale Notes
The property is available to purchase with the benefit of the current tenancy <br> for &#163;230,000, reflecting a gross yield before costs of 8.48%. <br> VAT is payable, but the vendor has an option to delist the property for VAT if <br> required by the purchaser.</li></ul>

Property Facts

The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Property Size 18,094 sq ft
Property Type Industrial (Unit)
Property Subtype Warehouse
Costar Property Class C
Floors 2
Typical Floor Size 9,047 sq ft
Year Built 1998
Total Plot Size 0.41 ac
Parking Allocation 1.44/1,000 sq ft

Amenities

  • Security System
  • Yard
  • EPC - D
  • EPC - E
  • Roller Shutters
  • Storage Space
  • Raised Floor System

Utilities

  • Heating
  • Listing ID: 35655376

  • Date on Market: 28/04/2025

  • Last Updated:

  • Address: Harvey Dr, Whitstable CT5 3QT

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