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Park Farm Close - Edmonton House 3,274 - 5,143 sq ft Industrial Units Offered at £375,000 - £800,000 Per Unit in Folkestone CT19 5DU
INVESTMENT HIGHLIGHTS
- The warehouse has a mezzanine which is used for storage and an office. The office has no carpet but benefits from a suspended ceiling with LED
- Great transport links
- Excellent communications to Europe provided by the Eurotunnel terminal at Cheriton less than three miles away and from the Port of Dover approximately
EXECUTIVE SUMMARY
The premises are situated on the Park Farm Industrial Estate on the outskirts of Folkestone with easy access onto Junction 13 of the M20 motorway and within close proximity to the Channel Tunnel terminal. Folkestone town centre is approximately one mile to the south with Dover and Ashford approx. 8 miles and 13 miles away respectively. Park Farm is the principal location for retail warehouses such as Sainsburys, Halfords, Wickes and B&M. Folkestone is located on the south east coast of Kent and has a population of around 50,000. Excellent communications to Europe provided by the Eurotunnel terminal at Cheriton less than three miles away and from the Port of Dover approximately 8 miles away. London can be accessed via the M20 or London St Pancras in under 1 hour via High Speed 1.
PROPERTY FACTS
| Total Property Size | 8,473 sq ft | Typical Floor Size | 5,143 sq ft |
| Property Type | Light Industrial | Year Built | 1980 |
| Property Subtype | Light Manufacturing | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.52 ac |
| Floors | 1 | Parking Allocation | 1.56/1,000 sq ft |
| Total Property Size | 8,473 sq ft |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 5,143 sq ft |
| Year Built | 1980 |
| Tenancy | Single |
| Total Plot Size | 0.52 ac |
| Parking Allocation | 1.56/1,000 sq ft |
AMENITIES
- Signage
2 UNITS AVAILABLE
Unit Unit A
| Unit Size | 3,274 sq ft | Unit Use | Industrial |
| Price | £375,000 | Sale Type | Investment |
| Price Per sq ft | £114.54 | Tenure | Freehold |
| Unit Size | 3,274 sq ft |
| Price | £375,000 |
| Price Per sq ft | £114.54 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
The premises are situated on the Park Farm Industrial Estate on the outskirts of Folkestone with easy access onto Junction 13 of the M20 motorway and within close proximity to the Channel Tunnel terminal. Folkestone town centre is approximately one mile to the south with Dover and Ashford approx. 8 miles and 13 miles away respectively.
SALE NOTES
The property is occupied under a lease from 29th November 2019 for a term of 7 years at a current rent of £20,000 per annum excl VAT. The lease is due to expire in November 2026 with the market rent in the region of £22,000 per annum.
There is parking with the property from 3/4 spaces.
Unit Unit B
| Unit Size | 5,143 sq ft | Sale Type | Investment |
| Price | £800,000 | Tenure | Freehold |
| Price Per sq ft | £155.55 | Net Initial Yield | 6.50% |
| Unit Use | Industrial | NOI | £52,000 |
| Unit Size | 5,143 sq ft |
| Price | £800,000 |
| Price Per sq ft | £155.55 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.50% |
| NOI | £52,000 |
DESCRIPTION
The premises are situated on the Park Farm Industrial Estate on the outskirts of Folkestone with easy access onto Junction 13 of the M20 motorway and within close proximity to the Channel Tunnel terminal. Folkestone town centre is approximately one mile to the south with Dover and Ashford approx. 8 miles and 13 miles away respectively.
SALE NOTES
The property is a 5143 sq ft warehouse which has been maintained to a good standard with improvements to both the heating and lighting in previous years.
The property has been let on 9 year lease from January 2023 with a rent review in January 2026 and in 2029. The current passing rent is £43,000 excl VAT.
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Park Farm Close - Edmonton House
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