A rare opportunity to acquire a highly reversionary South East multi-let industrial estate totalling approximately 180,648 sq ft (GIA). Located in the centre of the affluent town of Tonbridge, benefitting from excellent public transport links. The estate comprises 22 units. Diverse tenant base, including a mixture of national and local occupiers including ATS Euromaster, Brandon Hire, John Newton & Company, TrinityM and Stone Marketing Limited. Diverse mixture of unit sizes ranging from 2,777 sq ft to 21,081 sq ft, helping to facilitate organic tenant growth on the estate. Let to 18 tenants, with an attractive WAULT of 6.9 years to lease expiries and 4.7 years to lease breaks. Gross marketing rent of £1,700,118 per annum, equating to a very low average rent of £9.41 per sq ft. Net marketing rent of £1,554,188 per annum after deducting the headlease rent. Significant reversionary potential with £15 per sq ft + recently agreed at the estate. Extensive asset management opportunities including regearing leases with incumbent tenants and refurbishing existing accommodation. Future development potential, subject to planning and necessary approvals.
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