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Grace Road, New Road Industrial Estate, Sheerness, ME12 1DB

Phase 1, Grace Road, New Road Industrial Estate, Sheerness, ME12 1DB
For Sale£750,000.00
Property type: Industrial
Tenure: Investment Opportunity
Size: 0.59 Acres
Price: £750,000.00
Location: Phase 1, Grace Road, New Road Industrial Estate, Sheerness, ME12 1DB
- Established industrial estate in port town of Sheerness, Kent
- 14 units let to 10 individuals / businesses
- Fully occupied
- Current income: £64,035 pa
- Some RPI Linked rent reviews
- Strong market evidence to support highly reversionary open market rent
- Potential to increase the rents by 2022 to £83,542 pa
- Net initial yield of 7.72% increasing to potential reversionary yield of 9.64% net
- Good asset management opportunities

If you would like to review the legal documents for the property then please use the link below to download these:-

https://0cc47a7cfb86.dattoconnect.com/index.php/s/Io99qZgomHV1anN
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