20/21 Chapman Way, High Brooms Industrial Estate, Tunbridge WellsPosted on December 31, 2017
In December 2017 Clay Street completed the sale of 20-21 Chapman Way, Tunbridge Wells on behalf of a private vendor.
- Multi-let light industrial investment, situated in an established south east location.
- Located in the High Brooms Industrial Estate in Royal Tunbridge Wells.
- 2 units providing 23,527 sq ft (2,185.73 sq m) of light industrial accommodation.
- A WAULT of 5.0 years to break and 6.5 years to expiry.
- Fully let producing a total rent of £177,129.50 per annum, providing an average rent of £7.53 per sq ft.
The units were purchased by Ribston for £2,300,000 reflecting a Net Initial Yield of 7.24%.