Motor Trade - Showroom
£895,000
Sittingbourne, Sittingborne, Kent
Description
FREEHOLD INDUSTRIAL OPPORTUNITY -- PART LET -- IDEAL FOR INVESTOR OR OWNER OCCUPIER -- FOR SALE
Units 7 - 9 Castle Road are situated on the Eurolink estate in Sittingbourne. Units 8 & 9 were previously owner-occupied and are being offered with vacant possession. Unit 7 is currently let and producing £15,900 per annum income making this an attractive proposition for either an investor or an owner-occupier to have their own space and also generate income with the opportunity for future growth if the tenant were to vacate the unit in the future.
There is a good opportunity to refurbish and add value to the vacant buildings.
The Freehold sale includes the estate roads within the Title as shown.
Location
Situated on Castle Road on Eurolink, a desirable location for access being both close to Sittingbourne Town and mainline railway station (approx. 1 mile (1.6 km) to the south). Swale Way - the Northern Relief Road is within 1 mile of the property and provides excellent connectivity to the motorway network via the A249, 1.25 miles (3.6 km), J5 of the M2 6.75 miles (11 km), J6 of the M20 12.25 miles (19.75 km) and Maidstone Town Centre 14 miles (22.5 km).
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Freehold Industrial For Sale
Potential To Refurbish and Add Value
Part-Let Producing £15,900 per annum
EPC - C
3 Phase Electricity
Class E, B2 & B8 Consent
Low Capital Value of £120 psf
Accommodation
The Units form a detached terrace of three units and are of steel portal frame construction with brick elevations to approximately 2m under profile sheet cladding to the main elevations and roof, with 5% translucent roof lights. The properties benefit from 3-phase power, manual roller shutter doors on each unit, 3 parking spaces per unit plus loading.
Units 7 is currently trading as a vehicle workshop with first floor office over welfare block.
Units 8 and 9 have full storage mezzanines and internal connection between the two units but have retained separate roller shutter doors and independent power supplies are available meaning they can be separated easily allowing excellent flexibility.
The properties have been measured on a Gross Internal Area (GIA) Basis as follows:
Unit 7
Ground Floor - 144.45 sq m = 1,555 sq ft
1st Floor Offices - 18.56 sq m = 200 sq ft
Total GIA - 163.01 sq m = 1,755 sq ft
Unit 8
Ground Floor - 139.86 sq m = 1,505 sq ft
1st Floor Storage Mezzanine - 99.93 sq m = 1,076 sq ft
Total GIA - 239.79 sq m = 2,581 sq ft
Unit 9
Ground Floor - 144.69 sq m = 1,557 sq ft
1st Floor Storage Mezzanine - 144.69 sq m = 1,557 sq ft
Total GIA - 289.38 sq m = 3,114 sq ft
Total GIA - 692.18 sq m = 7,451 sq ft
Eaves Height 5.3m = 17.5 ft
EPC
Unit 7 - EPC - C (72)
Unit 8 - EPC - C (58)
Unit 9 - EPC - C (64)
Rent/Price
Offers Invited in the Region of £895,000
Terms
Freehold
Unit 7 is currently let on a 5 year Lease expiring 31st October 2028 at a rent of £15,900 per annum - further details available upon request
Legal Costs
Each side to bear its own legal and professional costs
Rateable Value / Council Tax
The Rateable Values are split into three listings as follows;
Unit 7 & 7a RV £19,250 @ 43.2p in the £
Unit 8 RV £18,250 @ 43.2p in the £
Unit 9 RV £18,250 @ 43.2p in the £
VAT
Unless otherwise stated, all rents/prices are quoted exclusive of Value Added Tax (VAT) which will be charged at the prevailing rate. Prospective occupiers should satisfy themselves as to any VAT payable in respect of any transaction.
Viewing
Strictly by prior appointment through the Surveyors. Please contact Phil Hubbard e: phil.hubbard@sibleypares.co.uk or Anastasia Raggett e: anastasia.raggett@sibleypares.co.uk.
Sibley Pares (Commercial)
1 Ashford Road
Maidstone
Kent
ME14 5BJ
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