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Fully let high-quality industrial investment opportunity

Royal Tunbridge Wells, United KingdomUnlock address

81%

£8.080.000

Industrial

#35063

Core+

28 Sep 2024

Property Details

Broker

For sale

43,242 sq.ft.

4,017 m²

Leasable area

186.86 £/sq.ft.

2,011 £/m²

6.00 %

2

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

High-quality industrial investment opportunity, 100% let to long-standing occupiers, with excellent future rental growth prospects. The property extends to 43,242 sq ft GIA with an attractive range of unit sizes from 8,529 sq ft up to 20,858 sq ft. The units are well-specified with Unit 26 recently benefitting from a high-quality ESG-led refurbishment to create one of the best specified units in the region. Fully let to excellent tenants Childrensalon Limited and Rocksolid Granit (Europe) Limited. The property is let off a passing rent of £517,161 per annum, equating to a low average rent of £11.96 psf. The property benefits from a WAULT of 3.6 years to breaks and 8.6 years to expiries.