04 | conqueror court
HIGH QUALITY SELF-CONTAINED OFFICE BUILDING WITH 12 PARKING SPACES. 2,741 SQ FT (254.6 SQ M)
INVESTMENT FOR SALE FREEHOLD
Conqueror Court | Vellum Drive | Sittingbourne | Kent | ME10 5BH HOME | LOCATION | DESCRIPTION | ACCOMMODATION | GALLERY | DETAILS AND VIEWING
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04 | conqueror court
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HIGH QUALITY SELF-CONTAINED OFFICE BUILDING WITH 12 PARKING SPACES. 2,741 SQ FT (254.6 SQ M) EP H S
P
Kemsley
EY
A249
HA R T 5
Newington
L IP
HI L Sittingbourne L
Y PE
A2
K EY CO LH IL L
B2
EP
ST
Y
SH
HI G H
Maidstone
WA
7
B 00
0 20
5
6
L ON DON R OA D
Sittingbourne
A2
A249 conqueror court
M2
A2
Location:
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Conqueror Court is located in Sittingbourne, fronting the busy A249 and just 2 miles from the M2. Central London is 54 miles away and the location provides excellent access across the UK and into Europe via the Channel Tunnel and ferry ports.
M2
Conqueror Court | Vellum Drive | Sittingbourne | Kent | ME10 5BH HOME | LOCATION | DESCRIPTION | ACCOMMODATION | GALLERY | DETAILS AND VIEWING
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04 | conqueror court
HIGH QUALITY SELF-CONTAINED OFFICE BUILDING WITH 12 PARKING SPACES. 2,741 SQ FT (254.6 SQ M)
DESCRIPTION:
The unit comprises a self-contained 2 storey terraced office building. Features include:
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• Raised carpeted floors with cabling & floor points • Comfort cooling/heating • LG7 lighting • DDA access • Mixture of cellular rooms and open plan space • WCs • Car parking for 12 vehicles
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11 12 13
Conqueror Court | Vellum Drive | Sittingbourne | Kent | ME10 5BH HOME | LOCATION | DESCRIPTION | ACCOMMODATION | GALLERY | DETAILS AND VIEWING
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04 | conqueror court
HIGH QUALITY SELF-CONTAINED OFFICE BUILDING WITH 12 PARKING SPACES. 2,741 SQ FT (254.6 SQ M)
ACCOMMODATION: All areas are approximate and based on net internal areas.
Ground Floor First floor Total
1,348 sq ft 1,393 sq ft 2,741 sq ft
125.2 sq m 129.4 sq m 254.6 sq m
12 parking spaces
Conqueror Court | Vellum Drive | Sittingbourne | Kent | ME10 5BH HOME | LOCATION | DESCRIPTION | ACCOMMODATION | GALLERY | DETAILS AND VIEWING
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04 | conqueror court
HIGH QUALITY SELF-CONTAINED OFFICE BUILDING WITH 12 PARKING SPACES. 2,741 SQ FT (254.6 SQ M)
Interior of Unit 10
Conqueror Court | Vellum Drive | Sittingbourne | Kent | ME10 5BH HOME | LOCATION | DESCRIPTION | ACCOMMODATION | GALLERY | DETAILS AND VIEWING
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04 | conqueror court
HIGH QUALITY SELF-CONTAINED OFFICE BUILDING WITH 12 PARKING SPACES. 2,741 SQ FT (254.6 SQ M)
TENANT COVENANT:
PURCHASE PRICE:
FURTHER INFORMATION:
The property is let to Terradace Holdings Limited t/a DPS Limited. DPS sources and distributes fruit sourced from throughout the world to the UK supermarket chains. Their Kent pack house is based at their partner business Integrated Service Solutions in London Road, Teynham.
£530,000 plus VAT. This shows a net initial yield of 7.4% after allowing for the usual costs. Subject to agreement the sale may be treated as a Transfer of Going Concern (TOGC).
By appointment via the joint agents:-
LEASE:
The most recent letting is at £15.50 PSF in respect of First Floor Unit 6. Let to Aston Scott Ltd, Insurance Brokers. The ground floor of 6 & 10 are available at a quoting rental of £16.00 PSF.
The FRI lease is for a term of 10 years from 29th January 2016 expiring 28th January 2026. There is a tenant break option and rent review on 29th January 2021. Headline rental of £41,115 paex (£15.00 per sq. ft.). A reduced rental is payable until 28th January 2018 which will be topped up by our client on completion. There is a service charge in respect of the common parts paid by the tenant.
RENTAL COMMENTARY:
Kevin Dempster
[email protected] Richard Turnill
[email protected] EPC: The property has been rated Band C (71). An Energy Performance Certificate is available upon request.
Neil Chatterton
[email protected] Charlotte Bland
[email protected] IMPORTANT NOTICE: Watson Day Chartered Surveyors and Caxtons for themselves and for the vendors or lessors of this property whose agents they are give notice that: 1) All rents, prices or other charges given are exclusive of VAT; 2) Any equipment, fixtures and fittings or any other item referred to have not been tested unless specifically stated; 3) These details, description and measurements do not form part of a contract and whilst every effort has been made to ensure accuracy this cannot be guaranteed. Applicants must satisfy themselves by inspection or otherwise as to the correctness of them; 4) No person in the employment of Watson Day Chartered Surveyors and Caxtons has any authority to make or give any representation or warranty whatever in relation to this property. Date of publication: July 2017
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