£225,000

John Wilson Business Park, Whitstable, CT5

3162 sq ft

£225,000

John Wilson Business Park, Whitstable, CT5

3162 sq ft

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Investment Opportunity

Adjoining steel framed light industrial units measuring approx. 3,162 Sq.ft

Let on a new 10-year lease at £25,000/pa

Sold on a sale and lease back basis to a local trade counter

Total of 5 parking spaces for staff and customers

Reflecting a 9.2% NIY

An opportunity to acquire two adjoining steel frame and metal clad light industrial units located on John Wilson Business Park in Whitstable. The property will be sold on a sale and lease back basis, with a new 10-year lease to Drake Plumbing...

The property consists of two adjoining steel frame and metal clad light industrial units occupied by a plumbing wholesaler trade counter. One of the full height roller shutter doors has been replaced with a shop front and entrance, whilst the other remains as access to the
warehouse. A mezzanine floor has been added which is used for storage and as a bathroom showroom. Outside there is a forecourt for up to 6staff and customer cars.

Tenancy:
The current owner and occupier of the property is a successful regional plumbing supply business called Drakes Plumbing Supplies Ltd (Company Number 016982200). The building will be sold with the benefit of a new 10 year lease to Drakes Plumbing Supplies Ltd at an
annual rent of £25,000 per annum. The lease which will be contracted outside of the
security of tenure of the 1954 Landlord & Tenant act, and will include a mutual break and open market rent review at year 5.

Location:
Whitstable is a popular market town located in North Kent on the Greater Thames Estuary five miles north of Canterbury. The property is located on the John Wilson Business Park which is a very popular trading estate is located just off Thanet Way (A299) at Chestfieldon the outskirts of the town.

Connections:
Whitstable is located just off the A299 in northern Kent and 7 miles from the M2/A2 linking London and Dover. Whitstable also enjoys direct trains into London Victoria & St Pancras International taking approximately 90 minutes.

Location

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