Chunnel Industrial Estate | Victoria Road | Ashford | Kent

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INVESTMENT SUMMARY

  • Rare opportunity to acquire a multi-let industrial estate close to Ashford International Station.
  • Victoria Road has benefitted from significant recent investment with the development of over 900 new residential units, a new Aldi supermarket and Chapel Down brewery and exhibition centre for their ‘Curious Brew’ lager.
  • Ashford Town Centre and Ashford International station are both within close walking distance.
  • Junctions 9 and 10 of the M20 are approximately 2 miles from the asset, providing excellent coverage of the south east of England and connectivity to the national motorway network.
  • Freehold.
  • Ten units totalling 29,365 sq ft (2,728 sq m) on a self contained 1.09 acre (0.44 hectare) site.
  • Fully let to seven tenants at a rent of £203,500 per annum equating to a low average rent of £6.93 per sq ft.
  • Strong reversionary potential based on local market prime industrial quoting rents at £11.50 psf.
  • Potential for higher value use development, subject to planning, with vacant possession available from September 2022.

 

 

We are instructed to seek offers in excess of £3,190,000 (three million one hundred and ninty thousand pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects a 6.00% Net Initial Yield after allowing for purchaser’s costs of 6.47%. This price equates to a low capital value of £109 per sq ft.

 

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