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Longfield Rd - Buckingham House 32,051 sq ft Industrial Unit Offered at £6,600,000 in Tunbridge Wells TN2 3EY
INVESTMENT HIGHLIGHTS
- Tunbridge Wells is an affluent principal town in Kent, located 40 miles southeast of central London and 14 miles south of Sevenoaks.
EXECUTIVE SUMMARY
Tunbridge Wells is an affluent principal town in Kent, located 40 miles southeast of central London and 14 miles south of Sevenoaks. The town had a population of 115,300 at the 2021 census. The town benefits from excellent connectivity to both the A26 and A21 arterial roads, providing quick access to the M25, M26 and M20 motorways. Tunbridge Wells railway station is a major transport hub providing regular services to several London mainline stations and the South Coast, with a fastest journey time to London of 51mins.
PROPERTY FACTS
| Total Property Size | 32,051 sq ft | Typical Floor Size | 10,684 sq ft |
| Property Type | Light Industrial (Unit) | Year Built | 2011 |
| Property Subtype | Light Manufacturing | Total Plot Size | 1.33 ac |
| Costar Property Class | B | Parking Allocation | 1.03/1,000 sq ft |
| Floors | 3 |
| Total Property Size | 32,051 sq ft |
| Property Type | Light Industrial (Unit) |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 10,684 sq ft |
| Year Built | 2011 |
| Total Plot Size | 1.33 ac |
| Parking Allocation | 1.03/1,000 sq ft |
AMENITIES
- 24 Hour Access
UTILITIES
- Lighting
- Water - City
- Sewer - City
1 UNIT AVAILABLE
Unit 1&3
| Unit Size | 32,051 sq ft | Sale Type | Investment |
| Price | £6,600,000 | Tenure | Freehold |
| Price Per sq ft | £205.92 | Net Initial Yield | 6.13% |
| Unit Use | Industrial | NOI | £404,580 |
| Unit Size | 32,051 sq ft |
| Price | £6,600,000 |
| Price Per sq ft | £205.92 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.13% |
| NOI | £404,580 |
DESCRIPTION
Two well specified warehouse/industrial units let to Sensia UK Ltd with a guarantee from Rockwell Automation Ltd (D&B rating 5A1) and Adler & Allan Ltd (D&B rating 5A2) providing a total income of £431,420 per annum / £14.68 psf overall (topped up).
An attractive WAULT of 5.3 years to breaks and 9.3 years to lease expiries
The site may have potential for alternative uses such as retail, trade, car dealership subject to planning
78% of the income linked to RPI
SALE NOTES
We are instructed to seek offers in excess of £6,600,000 subject to contract and exclusive of VAT for our client's freehold interest, reflecting a capital value of £206 psf
Presented by
Longfield Rd - Buckingham House
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