Freehold Investment for sale

Unit 1-4 Ashmill Park, Ashford Road, Lenham, Kent, ME17 2GQ

1 4 ashmill wide

Location

Lenham is 6 miles east of junction 8 of M20 motorway, 10 miles east of Maidstone and 9 miles west of Ashford. Lenham mainline railway station is 1.4 miles distant.

Description

Description
A portal framed warehouse and office development built in 2002. Brick / block walls, profiled steel roof and tiled mansard. Sectional loading doors. Working height 20 ft 4in. 3 phase power. Alarm. Warehouse and office heating. Additional mezzanine. 32 car parking spaces (1:260 sqft).

Tenancies

Units 1 & 2. Let to Worldwind Music Limited for a term of 10 years from completion at a commencing rent of £45,330 pa (£7.95 psf) subject to 5 yearly reviews. Photographic schedule indicating current condition. No tenant breaks.

Unit 3. Let to Worldwind Music Limited for a term of 6 years from completion at a commencing rent of £11,660 pa (£8.95 psf) subject to 3 yearly reviews. Tenant break at end of 3rd year. Photographic schedule.

Unit 4. Let to Matthew and Lorraine Miller for a term of 5 years from Feb 2016 (Expires Feb 2021) at £9,000 pa (£6.90 psf). Outside 1954 Act. Rental Value £11,660 pa.

Tenants

See linked PDF for further information.

Accommodation

8,308 sqft

Terms

For Sale Freehold £1,010,000 plus vat, subject to contract. 6.53% rising to 6.80% gross. May split.