Leigh Green Industrial Estate, Appledore Road

Tenterden, TN307DE

6,000 sq ft
For Sale
Warehouse & Industrial / Investment Property

Back to properties

8 small self-contained light industrial units in two terraces for sale.

Property Type Warehouse & Industrial / Investment Property
Tenure For Sale
Size 6,000 sq ft
Price £695,000
Energy Performance Rating Upon enquiry

Key Features

  • 8 self contained units
  • Strong industrial market
  • Rental growth potential
  • Annual income of £44,750 pax (Subject to letting of unit 7A)

Location

Leigh Green Industrial Estate is located in Tenterden, Kent which is approximately 15 miles south-east of Tunbridge Wells which itself is approximately 15 miles south of Junction 5 of the M25 motorway.

Tenterden itself is a small town located between Ashford and Hastings on the A28. The Estate itself is located on the outskirts of town in a small industrial/business location with a number of other industrial buildings.

Description

The estate comprises of 8 small self-contained light industrial units in two terraces. The units are constructed of steel frames under profiled steel cladding with roller shutter doors and a personnel door. The units are served by a communal yard and parking.

Internally, the units benefit from fluorescent lighting, translucent roof lights and a toilet in each unit. The estate totals approximately in area 0.3 acres. Four of the units are side by side and 500 sq ft each, the other units are 1,000 sq ft each.

Specifications

• Steel portal frames with profiled steel cladding
• Up and over roller shutter doors
• Fluorescent lighting and translucent roof lights
• Toilet in each unit
• Parking and communal area.

Terms

Asking price £695,000 subject to contract and exclusive of VAT on an income of £44,750 pax.

A purchase at this level reflects an attractive gross yield of 6.62% and a net initial yield of 6.43% (subject to the letting of Unit 7A).

Tenure & Title

The premises are freehold under the title number K583706.

Please contact the agents for title information and lease details.

A tenancy schedule can be downloaded from our website.

The current rental levels are historic and we believe rents are in excess of £9.50 psf are achievable.

Viewing and Further Information

Please contact the sole selling agents, namely Hurst Warne on 01372 360190 (F.A.O. Nic Pocknall or Tom Boon).