St. Michaels House, St. Michaels Road ... - SLIDEBLAST.COM
ST. MICHAEL’S HOUSE, ST. MICHAEL’S ROAD, SITTINGBOURNE, KENT ME10 3DW
HIGH PROFILE OFFICE INVESTMENT LET TO KENT & MEDWAY NHS FOR SALE
01634 668000 watsonday.com
LOCATION:
St. Michael’s House has direct frontage to St. Michael’s Road, the main town centre distributor road and adjoins the Sittingbourne railway station. There are excellent communications to both the M2 (Junction 5) and M20 (Junction 7) motorways via the A249 dual carriageway. Sittingbourne is situated in North Kent approx. 37 miles east of Central London and approx. 10 miles north east of the County town of Maidstone.
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
DESCRIPTION: St. Michael’s House is a purpose built office building constructed in approximately 1987 providing accommodation over ground, first and second floors. The accommodation is mostly open plan and provides the following amenities: Central heating Suspended ceilings Cat 2 lighting Perimeter trunking
ACCOMMODATION: (net internal)
RATES:
Ground Floor First Floor Second Floor
Carpeting Male, female & disabled WC facilities On site car parking
2,874 sq. ft. 2,448 sq. ft. 2,595 sq. ft.
(266.99 m²) (227.40 m²) (241.06 m²)
The property is assessed for business rates at RV £58,500
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
The property is held on a long leasehold for a term of 125 years from 29th September 1987.
TENURE:
The ground rent is payable is geared to 26.25% of the rack rental value of the premises, which the landlord may call for review at intervals of not less than 5 years. Current ground rent is £17,875 per annum exclusive TENANCY:
The entire property is subject to a lease granted to Kent & Medway NHS & Social Care Partnership Trust for a term of 10 years expiring 30th September 2023 on a full repairing and insuring basis at a headline rental of £57,500 per annum exclusive. The current passing rent is £57,500 p.a. The lease provides for a rent review effective 1st October 2018.
NET INCOME:
£39,625 p.a. (reflecting the ground rent payable of £17,875 p.a.)
THE TENANT:
Kent & Medway NHS and Social Care Partnership Trust was formed on 1 April 2006 following the merger of East Kent NHS and Social Care Partnership Trust and West Kent NHS and Social Care Trust. The Trust provides mental health, learning disability, substance misuse and other specialist services for 1.6 million people across Kent and Medway. They are one of the larger NHS Trusts covering an area of 1,450 square miles, employing over 3,600 staff and operating from over 170 buildings across Kent and Medway.
PROPOSAL:
A sale of the long leasehold interest subject to the occupational lease granted to Kent & Medway NHS Trust is available at a price of £495,000 representing a yield of approx. 7.64% allowing for standard purchaser’s costs of 4.8%.
LEGAL COSTS:
Each party to bear their own costs in the matter.
EPC:
The property has been rated Band D (80). An Energy Performance Certificate is available upon request.
FURTHER INFORMATION:
Via the vendor’s agents:-
WATSON DAY CHARTERED SURVEYORS 01634 668000
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
HIGH PROFILE OFFICE INVESTMENT LET TO KENT & MEDWAY NHS FOR SALE
01634 668000 watsonday.com
LOCATION:
St. Michael’s House has direct frontage to St. Michael’s Road, the main town centre distributor road and adjoins the Sittingbourne railway station. There are excellent communications to both the M2 (Junction 5) and M20 (Junction 7) motorways via the A249 dual carriageway. Sittingbourne is situated in North Kent approx. 37 miles east of Central London and approx. 10 miles north east of the County town of Maidstone.
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
DESCRIPTION: St. Michael’s House is a purpose built office building constructed in approximately 1987 providing accommodation over ground, first and second floors. The accommodation is mostly open plan and provides the following amenities: Central heating Suspended ceilings Cat 2 lighting Perimeter trunking
ACCOMMODATION: (net internal)
RATES:
Ground Floor First Floor Second Floor
Carpeting Male, female & disabled WC facilities On site car parking
2,874 sq. ft. 2,448 sq. ft. 2,595 sq. ft.
(266.99 m²) (227.40 m²) (241.06 m²)
The property is assessed for business rates at RV £58,500
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
The property is held on a long leasehold for a term of 125 years from 29th September 1987.
TENURE:
The ground rent is payable is geared to 26.25% of the rack rental value of the premises, which the landlord may call for review at intervals of not less than 5 years. Current ground rent is £17,875 per annum exclusive TENANCY:
The entire property is subject to a lease granted to Kent & Medway NHS & Social Care Partnership Trust for a term of 10 years expiring 30th September 2023 on a full repairing and insuring basis at a headline rental of £57,500 per annum exclusive. The current passing rent is £57,500 p.a. The lease provides for a rent review effective 1st October 2018.
NET INCOME:
£39,625 p.a. (reflecting the ground rent payable of £17,875 p.a.)
THE TENANT:
Kent & Medway NHS and Social Care Partnership Trust was formed on 1 April 2006 following the merger of East Kent NHS and Social Care Partnership Trust and West Kent NHS and Social Care Trust. The Trust provides mental health, learning disability, substance misuse and other specialist services for 1.6 million people across Kent and Medway. They are one of the larger NHS Trusts covering an area of 1,450 square miles, employing over 3,600 staff and operating from over 170 buildings across Kent and Medway.
PROPOSAL:
A sale of the long leasehold interest subject to the occupational lease granted to Kent & Medway NHS Trust is available at a price of £495,000 representing a yield of approx. 7.64% allowing for standard purchaser’s costs of 4.8%.
LEGAL COSTS:
Each party to bear their own costs in the matter.
EPC:
The property has been rated Band D (80). An Energy Performance Certificate is available upon request.
FURTHER INFORMATION:
Via the vendor’s agents:-
WATSON DAY CHARTERED SURVEYORS 01634 668000
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
