commercial-sales
George Webb Finn is delighted to offer for sale an investment opportunity comprising industrial units and land with development potential (subject to obtaining planning consent) to expand the number of units on the site. The site extends to approximately 1.533 hectares (3.788 acres) with units providing 3,181m² (34,242ft²) and is fully let to seven tenants, the majority of whom have been Tenants for many years. Lease terms are between 5 and 10 years. The current total rental income for the site is £235,860 per annum.
location
The property is located north west of Sittingbourne within the parish of Bobbing and accessed off the Sheppey Way, which runs parallel to the A249. Access to the A249 is less than one mile distant to the south west at the Bobbing A249 B2006 interchange and the same distance to the north east with the Grovehurst A249 B2005 interchange.
The A249 provides direct links to the M2 at Junction 5 and the M20 at Junction 7, approximately 3.5 miles and 9 miles distant respectively, each providing links to the Kent Coastal ports to the east and the M25 Orbital to the west.
Description
The site extends to approximately 1.533 hectares (3.788 acres) and comprises 9 secure units, which are let to 6 Tenants. In addition there is a vacant site comprising bare land (Unit 4) and a significant area of the car park which fronts the site (Unit 11), both having potential for development to provide additional units and income, subject to obtaining planning consent.
The units are comprised within two buildings on the site, which benefit from one access to the front car park and a communal access with turning areas to the rear both off the Sheppey Way. Scan the QR code for the property video.
The total rent for the site is £235,860 per annum.
accommodation
The approximate gross internal floor areas for the site is 3,180m² (34,242ft²).
Schedule of Units and Tenants
Please see attached Schedule.
method of sale
The property is offered for sale by private treaty as a whole. The right is reserved to take the property to auction or tender at a later date.
Hectares (& Acres)
The areas provided are for guidance only and are given without responsibility. Any intending purchaser(s) should not rely upon them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the areas.
Fencing & Boundaries
The purchaser(s) must satisfy themselves on the location of the boundaries from the Land Registry plans and the Vendor's deed plans (where available).
Rights & Easements
The property is sold subject to and with the benefit of all rights including rights of way, whether public or private, light, support, drainage and electricity supply and other rights and obligations, easements, quasi easements and restrictive covenants and all existing and proposed wayleaves, masts, pylons, stays, cables, drains, water, gas and other pipes.
plans
The plans and boundary notes provided by George Webb Finn are for identification purposes only and the purchaser(s) should satisfy themselves on the location of external or internal boundaries prior to exchange of contracts.
Local Authority
Swale Borough Council – Telephone 01795 417850
Kent County Council – Telephone 08458 247247
Arrange a Viewing
Prospective purchasers must make an appointment to view the Property with George Webb Finn or AU Consultancy.
To arrange a viewing or if you have any questions please email either stuart@georgewebbfinn.com, telephone number 01795 470556 or au@auconsultancy.co.uk, telephone number 01892 315938 or 07985 129733.
Photographs
The photograph included in these particulars was taken in January 2023.
PURCHASE PRICE
£4,500,000 for the freehold interest.
In accordance with HMRC Anti Money interest. Laundering Legislation, we are obliged to undertake full identity verification checks of all purchasers. In the event that an offer is made and accepted on the property, interested parties should be aware that we will require such ID verification before solicitors are instructed to proceed with a transaction.
VAT
Any guide price quoted or discussed is exclusive of VAT. In the event that a sale of the property, or any part of it, or any right attached to it, becomes a chargeable supply for the purposes of VAT, such tax will be payable in addition.
LEGAL COSTS
Each party to bear their own legal costs.
Agents Notes
Messrs George Webb Finn for themselves and for the Landlord of this property whose Agents they are give notice that: (i) the particulars are set out as a general guide and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, photographs, dimensions, reference to the condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) any plans or areas referred to are based on the Ordnance Survey National Grid Sheets or RPA digital maps, as revised by the Agents and are published for identification purposes only; (iv) no person in the employment of George Webb Finn has any authority to make or give any representation or warranty whatsoever in relation to this property; (v) no responsibility will be accepted for any expenses incurred by intending Tenants or their Agents; (vi) please note that we have not tested the equipment, appliances and services in this property and intending Tenants are advised to commission the appropriate investigations before formulating their offer to let.
- Potential to increase the number of units on the site (subject to planning permission)
- Potential for rental income growth
- Attractive semi rural location with close access to the A249 providing links to the M2 and M20
Map
