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Ashford Kent Office 200 Eureka Park 10,404 SF Office Building Ashford $3,652,152 CAD ($351.03 CAD/SF) 6.50% Cap Rate



Investment Highlights
- Modern Office Investment, held on a long ground lease
- 10.5% yield (NIY based on 6.6% purchaser’s costs)
- Excellent out of town business park
- Offers in region of £2M ex. Of VAT
- Let to the exceptional covenant of EDF Energy Nuclear Generation Limited
- Price similar to vacant possession value!
Executive Summary
Eureka Business Park is an established business park, located 2.5 miles north west of Ashford town centre and 1 mile north-west of junction 9 of the M20 motorway.
Ashford, one of Kent's designated growth centres currently has a population of approximately 100,000 inhabitants and is set to grow substantially within the next 20 years. The town is centrally located within the county, benefitting from a fine communication network via the A20/M20 and 5 mainline railways. Ashford International Passenger Station can give direct access to Northern Continental Europe via Eurostar and London is some 38 minutes distant via HS1.
The Henwood Industrial Estate is a thriving and well-established estate housing many local and national firms.
This building was constructed in 2012 to provide a detached two-storey self-contained office building to a high specification with air conditioning. It sits on a site of 0.75 acres comprises a little over 10,300 sq ft of built accommodation which can be split floor by floor or part floor. The offices have the benefit of VRV air conditioning, raised access flooring with 150mm clear void, suspended ceilings throughout with LG3 light fittings, an 8-person passenger lift and generous car parking.
Ashford, one of Kent's designated growth centres currently has a population of approximately 100,000 inhabitants and is set to grow substantially within the next 20 years. The town is centrally located within the county, benefitting from a fine communication network via the A20/M20 and 5 mainline railways. Ashford International Passenger Station can give direct access to Northern Continental Europe via Eurostar and London is some 38 minutes distant via HS1.
The Henwood Industrial Estate is a thriving and well-established estate housing many local and national firms.
This building was constructed in 2012 to provide a detached two-storey self-contained office building to a high specification with air conditioning. It sits on a site of 0.75 acres comprises a little over 10,300 sq ft of built accommodation which can be split floor by floor or part floor. The offices have the benefit of VRV air conditioning, raised access flooring with 150mm clear void, suspended ceilings throughout with LG3 light fittings, an 8-person passenger lift and generous car parking.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Tenure
Long Leasehold
Building Size
10,404 SF
Building Class
B
Year Built
2011
Price
$3,652,152 CAD
Price Per SF
$351.03 CAD
Cap Rate
6.50%
NOI
$237,390 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,157 SF
Building FAR
0.32
Lot Size
0.75 AC
Parking
39 Spaces (3.78 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Demised WC facilities
- Drop Ceiling
- Air Conditioning
- Raised Floor System
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- EDF
- Utilities
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| EDF | Utilities | - | - | - |
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Ashford Kent Office | 200 Eureka Park
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