22-27 Space Business Centre, Knight Road, Strood - Investment
UNITS 22 – 27 SPACE BUSINESS CENTRE, KNIGHT ROAD, STROOD, KENT ME2 2BF *INVESTMENT OPPORTUNITY*
MODERN FLEXIBLE UNITS LET WITH ANNUAL RENT INCREASES 4,444 SQ. FT. (413 M²)
FOR SALE
01634 668000 watsonday.com
LOCATION
SERVICE CHARGE
The premises form part of the Knights Park development, situated on the north western side of Knight Road, in an established commercial area, a short distance from Strood town centre and with access to Junction 2 of the M2 Motorway via the A228.
A service charge is levied to cover maintenance of common parts of the estate. Details available upon request.
DESCRIPTION
EPC
LEGAL COSTS Each party to bear their own legal costs.
The property comprises 6 units constructed in a single The units have the following EPC assessments:block. Salient features are as follows:Units 22-27 Band D (83) Steel framed construction Profile, insulated steel cladding PROPOSAL Individual loading/front door access to each unit Offers sought in excess of £710,000 (seven hundred and ten thousand pounds). A purchase at this price would reflect an Flexible mezzanine floors attractive net initial yield of 7.49% after allowing for usual GRP translucent roof lights purchaser’s costs of 5.32%. 24/7 access CCTV & security barrier Fixed Rent Increases Maintained toilet & kitchen blocks Year Rent Net Initial Allocated parking Yield Good access to J2, M2 and the Medway towns 1 £57,680 7.71 2 £59,410 7.94 ACCOMMODATION 3 £61,193 8.18 The units provide for the following gross internal areas:UNIT NO 22 23 24 25 26 27 TOTAL
M² 72 67 67 67 67 72 412
VIEWING
SQ. FT. 776 723 723 723 723 776 4,444
Strictly by appointment via the sole agents:-
WATSON DAY CHARTERED SURVEYORS Richard Turnill 01634 668000/07764 476915 [email protected] Debra Carter 01634 668000 [email protected]
TENURE: The freehold interest of the units is available. External spaces will be managed with each unit having a share of the management company.
Tenancy Schedule Units
Tenant
22-24
Precision Plastics
25-27
Kent Flooring UK Limited Total
Area (sq ft) 2,222
Term (yrs) 3
Expiry Lease Nov 2019
Rent (PA) £28,000
Rent (sq ft) £12.60
2,222
3
Nov 2019
£28,000
£12.60
Total
£56,000
4,444
Rent Review Date 3% per annum rent increases 3% per annum rent increases
Break Option Mutual/rolling break after 18 month anniversary. None
Comments FRI Outside the Act. Exclusive Rents. FRI Outside the Act. Exclusive Rents.
2 The Oaks Business Village, Revenge Road, Lordswood, Chatham, Kent ME5 8LF IMPORTANT NOTICE: Watson Day Chartered Surveyors 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 has any authority to make or give any representation or warranty whatever in relation to this property
01634 668000
MODERN FLEXIBLE UNITS LET WITH ANNUAL RENT INCREASES 4,444 SQ. FT. (413 M²)
FOR SALE
01634 668000 watsonday.com
LOCATION
SERVICE CHARGE
The premises form part of the Knights Park development, situated on the north western side of Knight Road, in an established commercial area, a short distance from Strood town centre and with access to Junction 2 of the M2 Motorway via the A228.
A service charge is levied to cover maintenance of common parts of the estate. Details available upon request.
DESCRIPTION
EPC
LEGAL COSTS Each party to bear their own legal costs.
The property comprises 6 units constructed in a single The units have the following EPC assessments:block. Salient features are as follows:Units 22-27 Band D (83) Steel framed construction Profile, insulated steel cladding PROPOSAL Individual loading/front door access to each unit Offers sought in excess of £710,000 (seven hundred and ten thousand pounds). A purchase at this price would reflect an Flexible mezzanine floors attractive net initial yield of 7.49% after allowing for usual GRP translucent roof lights purchaser’s costs of 5.32%. 24/7 access CCTV & security barrier Fixed Rent Increases Maintained toilet & kitchen blocks Year Rent Net Initial Allocated parking Yield Good access to J2, M2 and the Medway towns 1 £57,680 7.71 2 £59,410 7.94 ACCOMMODATION 3 £61,193 8.18 The units provide for the following gross internal areas:UNIT NO 22 23 24 25 26 27 TOTAL
M² 72 67 67 67 67 72 412
VIEWING
SQ. FT. 776 723 723 723 723 776 4,444
Strictly by appointment via the sole agents:-
WATSON DAY CHARTERED SURVEYORS Richard Turnill 01634 668000/07764 476915 [email protected] Debra Carter 01634 668000 [email protected]
TENURE: The freehold interest of the units is available. External spaces will be managed with each unit having a share of the management company.
Tenancy Schedule Units
Tenant
22-24
Precision Plastics
25-27
Kent Flooring UK Limited Total
Area (sq ft) 2,222
Term (yrs) 3
Expiry Lease Nov 2019
Rent (PA) £28,000
Rent (sq ft) £12.60
2,222
3
Nov 2019
£28,000
£12.60
Total
£56,000
4,444
Rent Review Date 3% per annum rent increases 3% per annum rent increases
Break Option Mutual/rolling break after 18 month anniversary. None
Comments FRI Outside the Act. Exclusive Rents. FRI Outside the Act. Exclusive Rents.
2 The Oaks Business Village, Revenge Road, Lordswood, Chatham, Kent ME5 8LF IMPORTANT NOTICE: Watson Day Chartered Surveyors 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 has any authority to make or give any representation or warranty whatever in relation to this property
01634 668000
