Mills Road Industrial Estate, 12-13 Mills Road, Quarry Wood, Aylesford, ME20 7NAPosted on November 16, 2017
- Prime multi let industrial estate located within a mile of Junction 5 of the M20, providing direct access to the national motorway network, London and the sea ports of South East England.
- Situated on the established Quarry Wood Industrial Estate, home to numerous national occupiers and well known car dealerships.
- The property consists of 8 units in two well configured terraces providing a gross internal area of 57,016 sqft (5,296.96 sqm).
- Individual unit sizes range from 5,818 sqft to 9,645 sqft.
- The site extends to 3.181 acres (1.287 hectares) and the estate benefits from good circulation, dedicated car parking and a low site coverage of 39%.
- The estate is fully let to 6 tenants with a weighted average unexpired lease term of 3.67 years to expiries and 1.80 years to breaks.
- Total rent passing of £370,350 per annum, reflecting a low average rent of £6.50 per sqft providing an excellent platform for future rental growth.
- Over 50% of the income is secured against the covenants of Euro Car Parts, Sytner Group and Kent County Council
Offers are invited in excess of £6,040,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 5.75%, after allowing for purchaser’s costs of 6.63%. This reflects a capital value figure of £106 per sqft.
Sales ParticularsClick here to download more details on Mills Road Industrial Estate, 12-13 Mills Road, Quarry Wood, Aylesford, ME20 7NA (pdf)