Unit 1 Viewpoint Boxley Road
Boxley Road, Maidstone, Kent, ME14 2DZ
7,798 Sq Ft
Industrial / Warehouse Investment - Commercial
For Sale: £1,100,000 GUIDE PRICE
Sold Subject to Contract
Property Details
£1.1m Reflects 6.96% ARY
Let in Main to a PLC Covenant
6.60% NIY Allowing for Purchasers Costs of 5.55%
Potential for Rental Growth
Well Located for M20 Motorway
3 Phase Electricity
Comfort Cooling to Office
FREEHOLD INDUSTRIAL INVESTMENT ---- FOR SALE ---- CURRENTLY LET AT £76,600 PER ANNUM
GUIDE PRICE £1,100,000 REFLECTS A 6.96% ARY AND LOW CAPITAL VALUE OF £141 PSF
Excellently situated for access to the M20 at Junction 7 Warehouse/Industrial space with office accommodation fully let to two tenants until 23rd April 2028 with potential for rental growth. The ground floor has been let to an established plc company. The first floor office mezzanine has been let out separately on a Lease, Outside the Landlord & Tenant Act, expiring at the same time as the ground floor lease allowing to for flexibility to re-structure at the expiry of the Leases.
Viewpoint forms a popular and well established Industrial Estate of 14 units located just off the M20 motorway from either Junctions 6 (1.4 miles) or 7 (0.8 miles) these modern units occupy a prominent frontage to the Boxley Road being also visible from the M20 Motorway.
Location
Viewpoint forms a popular and well established Industrial Estate of 14 units located just off the M20 motorway from either Junctions 6 (1.4 miles) or 7 (0.8 miles) these modern units occupy a prominent frontage to the Boxley Road being also visible from the M20 Motorway. The property is within walking distance of the neighbourhood shopping parade at Penenden Heath but also within 1.5 miles of Maidstone Town Centre.
What3Words Location: https://w3w.co/reds.fight.rising
Accommodation
The property is the prime unit on the estate also benefitting from excellent signage opportunities to the M20 motorway. It is a self-contained industrial unit of ground floor warehouse and Trade Counter with first floor office mezzanine which has been let out separately. Externally there is a large forecourt / parking area providing parking for 16+ cars. The property has been measured on a Gross Internal Area (GIA) basis as follows:
Ground Floor - 217.55 sq m = 5,571 sq ft
(part fitted as reception office / trade counter)
1st Floor Mezzanine Office - 206.89 sq m = 2,227 sq ft
Total - 724.40 sq m = 7,798 sq ft
Eaves Height - 5.75m = 18'10"
