Multi Let Industrial Investment For Sale - NETTLESTEAD, Maidstone, Kent
Diamond Works Investment, Maidstone Road, Nettlestead, Near Maidstone, Kent, ME18 5HP
Location
The property fronts the B2015 just off of the dualled Hale Street By-Pass, south west of Maidstone, within 7 miles of the M20 and M26 motorways.
Description
A multi-let industrial investment of four portal frame buildings with lined asbestos cement roofs and brick or profiled steel cladding. Roller shutter/sliding doors. 3 phase power. 24 hour usage. Eaves heights 12'7" to 15’6”. Site area approx. 1.25 acre (30% cover).
Accommodation
16,173 sqft in four main units on a site of 1.25 acres.
Terms
Site under offer. Investment for sale freehold at offers over £1.75 million plus vat, subject to contract. Gross initial yield of 6.1% rising to estimated 8.3%, £92 per sqft overall. All leases outside 1954 Act and FR&I (except two offices on tenancies at will) Opportunity to enhance the value through active management and maximising development potential.
