Industrial/Logistics - Investment - Integra II - Maidstone
- Four high quality and newly constructed industrial units comprising 70,685 sq ft
- Unit F1 - F3 are let to Grafton Merchanting GB Ltd on a 10 year lease without break from 03/11/14, at a rent passing of £261,981.5 pa (£4.76 psf). Unit G will have a 12 month guarantee at £101,957 (£6.50 psf)
- Producing an income of £363,941 pa reflecting a low average rent of £5.15 psf
- Highly reversionary potential
- Long leasehold
Constructed in 2014 the property comprises a terrace of four industrial and trade counter units extending to GIA 70,685 sq ft (GIA 6,566.8 sq m). The units are constructed of steel portal frame, fully clad on the exterior with insulated steel cladding under a pitched roof.
Internally each unit provides a minimum eaves height of 7.1m and a maximum eaves height of 10m. The units are finished with insulated steel cladding to the upper walls with block cavity walls below. The eastern elevation of units F1 and G are made entirely of cavity blocks.
The units are accessed from the front of the building via pedestrian entrances and 5 roller shutter loading doors with canopy cover. The 5 roller shutter doors open onto a large concrete loading yard which includes 55 car parking spaces. Units F1-F3 and G are fully security fenced and accessed from Bircholt Road.
Units F are currently being enhanced by the tenant to incorporate trade counter space.
Integra II is prominently situated in Parkwood Industrial Estate around 3 miles (4.8 km) south east of Maidstone town centre. The prominent roadside site is positioned at the junction of Bircholt and Cuxton Road, within a short drive of the main residential, retail and business areas of Maidstone.
Parkwood Industrial Estate comprises a combination of industrial, distribution and retail uses. Occupiers include Ferrari, Interlink Express, DFS, Travis Perkins, Royal Mail, Plumb Centre and Selco.The area is also home to a number of car showrooms including Mercedes, Renault, Hyundai, Mazda and Honda.
We are instructed to seek offers in excess of £4,781,000 (Four Million Seven Hundred and Eighty One Thousand) reflecting an attractive net initial yield of 7.20% and a net capital value of £68 per sq ft, assuming purchaser’s costs of 5.80%.
- Minimum eaves heights : 7.10
|Unit / Floor||Size SQFT||Description|
Gillingham 10 miles (16 km)
Sittingbourne 12 miles (19 km)
Royal Tunbridge Wells 17 miles (27 km)
Dover 43 miles (69 km)
The town benefits from being only a short distance from major transport links which provide access to Central London, the Channel Tunnel and major ports. These links include; The M20 within 3 miles (5 km) to the north and east (Junctions 5 to 7), the M2 (Junction 3) is 5 miles (8 km) to the north, and the M26 is 9 miles (14 km) to the north west which leads to the M25 (Junction 5) within 10 miles (16 km).
Maidstone is also well served by three rail stations providing regular access to London St Pancras and Victoria in a fastest journey time of 60 minutes. Gatwick Airport, the UK’s second largest and the sixth busiest international airport in the world is only a 40 minute drive to the west.