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Mills Rd 4,952 sq ft Industrial Unit Offered at £775,000 in Aylesford ME20 7NT
Investment Highlights
- Well located close to Junction 5 of the M20
- Two mid terrace industrial/warehouse units on an established estate.
- Well let to government and charity user
Executive Summary
Two mid terrace industrial/warehouse units on an established estate. The units are of portal steel frame construction under pitched metal profile roofs and partially brick-faced and partially metal-clad elevations. Each unit is accessed via a roller shutter loading doors and pedestrian doors to the front, and fire exits to the rear. Other occupiers nearby include; Speedy, Sytner, Screwfix, HSS and Group 1. Aylesford is a major industrial/ warehouse hub approximately 35 miles southeast of Central London and 4 miles northwest of Maidstone. Aylesford provides good transport links being located adjacent to Junction 6 of the M20 motorway.
Property Facts
| Total Property Size | 20,150 sq ft | Typical Floor Size | 18,774 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1995 |
| Property Subtype | Warehouse | Total Plot Size | 3.17 ac |
| Costar Property Class | C | Parking Allocation | 1.39/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 20,150 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 18,774 sq ft |
| Year Built | 1995 |
| Total Plot Size | 3.17 ac |
| Parking Allocation | 1.39/1,000 sq ft |
Amenities
- Security System
- Yard
- Roller Shutters
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 Unit Available
Unit 4
| Unit Size | 4,952 sq ft | Sale Type | Investment |
| Price | £775,000 | Tenure | Freehold |
| Price Per sq ft | £156.50 | Net Initial Yield | 7.03% |
| Unit Use | Industrial | NOI | £54,482.50 |
| Unit Size | 4,952 sq ft |
| Price | £775,000 |
| Price Per sq ft | £156.50 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.03% |
| NOI | £54,482.50 |
Description
The two properties comprise of a modern industrial/warehouse terraced unit of steel portal frame construction under a pitched profile steel clad roof with profile metal clad elevations constructed in the late 1980’s. The property benefits from a full sized loading door and a separate personnel door. The accommodation is laid out over ground floor only. The internal floors are of concrete construction with the benefit of staff WC facilities. The warehouse has a single sectional loading door to the rear elevation and car parking provision to the front rear and side elevations.
Sale Notes
Freehold
Producing £57,450 pax
Offers in excess of £775,000
A purchase at this level would show a net initial yield of 7.03%
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Mills Rd
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