£1,400,000

Covert Road, Canterbury, CT3

1 ac

9600 sq ft

£1,400,000

Covert Road, Canterbury, CT3

1 ac

9600 sq ft

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An excellent opportunity to purchase the Freehold interest of two warehouse units together with a large yard suitable for future development subject to the usual consents.

Each Unit Approximately 450 sq.m / 4,800 sq ft (GIA).

The properties are let and producing a total rent of £115,299 pa.

Unit 1 includes a 45,823 sq ft yard (c.1 acre)

Both units let for 5 years from 2025. With breaks and rent reviews in 2028.

Both leases are outside of the 1954 Landlord and Tenant Act.

The properties are not elected for VAT.

An excellent opportunity to purchase the Freehold interest of two warehouse units together with a large yard suitable for future development subject to the usual consents.

Located on the sought after Aylesham Industrial Estate close to Canterbury in Kent and owned by the current owners since 1999. Built from concrete frames, these two warehouse units measure approx. 450 sqm each (c.4,800 sq ft), and have roller shutter doors measuring 4.1m x 4.4m, together with minimum eves heights of 4.5m.

3 Phase Power is available, with unit 1 having a yard measuring approx. 45,823 sq ft to the front and side, with unit 2 having a yard of 5,581 sq ft to the front only. Both units have secure steel security perimeter fencing and metal gates.

Development Potential:
The adjoining yard to unit 1 measures just under one acre and subject to the usual consents offers significant scope for development with there having been a historic consent on the site for an additional 3 x single bay warehouse units.
Units 1 & 2, Covert Road

Tenancies:
Unit 1 is let to Vertemax Ltd (Guarantor Haki Ltd) who are a leading national provider and installer of specialist scaffolding systems. Their lease commenced on 14th March 2025, for 5 years with a tenant only break and rent review in 2028. They are paying £82,549 pa and their lease is outside of the 1954 L&T act.

Unit 2 is let to Green Hub Recycling Ltd who are a specialist plastic recycling firm exporting international. Their lease commenced on 7th April 2025, for 5 years with a tenant only break and rent review in 2028. They are paying £32,750 pa and their lease is outside of the 1954 L&T act.

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