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New Rd - Former Britannia Lift Premises 4,221 sq ft Office Unit Offered at £399,000 in Sheerness ME12 1NB
Investment Highlights
- Located on large industrial estate
- Accessed via the A229 with the M2 junction 5 within 10.5 miles and M20 junction 7 within 16.5 miles
- Walking distance from Sheerness railway station
Executive Summary
The property is situated on New Road less than 1 mile south west of Sheerness town centre, providing retails and other amenities. Sheerness railway station is within walking distance providing services to London via Sittingbourne.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 7.02% |
| Sale Type | Investment |
| Net Initial Yield | 7.02% |
| Tenure | Freehold |
Description
Britannia House is a two storey office building which is currently made up of 13 individual suites ranging from 87 sq ft up to 502 sq ft which have the benefit of LED, electric heating, carpets and data cabling.
Sale Notes
The property is currently 34% let with 4 tenants providing an income of circa £28,000 per annum with an ERV of £55,000. Further information upon request.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit Serviced | 4,221 sq ft | Office | £399,000 (£94.53/sq ft) | £28,000 |
Unit Serviced
| Unit Size |
| 4,221 sq ft |
| Unit Use |
| Office |
| Price |
| £399,000 (£94.53/sq ft) |
| NOI |
| £28,000 |
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Unit Serviced
| Unit Size | 4,221 sq ft |
| Unit Use | Office |
| Price | £399,000 (£94.53/sq ft) |
| NOI | £28,000 |
| Sale Type | Investment |
| Net Initial Yield | 7.02% |
| Tenure | Freehold |
| Description | |
| Britannia House is a two storey office building which is currently made up of 13 individual suites ranging from 87 sq ft up to 502 sq ft which have the benefit of LED, electric heating, carpets and data cabling.</li></ul> | |
| Sale Notes | |
| The property is currently 34% let with 4 tenants providing an income of circa £28,000 per annum with an ERV of £55,000. Further information upon request.</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 | 39,502 sq ft | Floors | 2 |
| Property Type | Industrial (Unit) | Typical Floor Size | 19,751 sq ft |
| Property Subtype | Warehouse | Year Built | 1962 |
| Costar Property Class | B | Total Plot Size | 2.00 ac |
| Total Property Size | 39,502 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 19,751 sq ft |
| Year Built | 1962 |
| Total Plot Size | 2.00 ac |
Amenities
- Reception
Utilities
- Lighting
- Water
- Sewer
- Heating
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1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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New Rd - Former Britannia Lift Premises
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