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Boxley Rd 7,798 SF Industrial Condo Unit Offered at $2,018,343 CAD in Maidstone ME14 2DZ
Investment Highlights
- Excellently situated for access to the M20 at Junction 7 Warehouse/Industrial space with office accommodation fully let to two tenants
- Viewpoint forms a popular and well established Industrial Estate of 14 units located just off the M20 motorway from either Junctions 6 (1.4 miles)
- The ground floor has been let to an established plc company.
Executive Summary
The property is the prime unit on the estate also benefitting from excellent signage opportunities to the M20 motorway. It is a self-contained industrial unit of ground floor warehouse and Trade Counter with first floor office mezzanine which has been let out separately. Externally there is a large forecourt / parking area providing parking for 16+ cars.
Property Facts Under Contract
| Total Building Size | 20,720 SF | Typical Floor Size | 16,749 SF |
| Property Type | Industrial (Condo) | Year Built | 2004 |
| Property Subtype | Service | Lot Size | 4.27 AC |
| Building Class | B | Parking Ratio | 0.39/1,000 SF |
| Floors | 2 |
| Total Building Size | 20,720 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Service |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 16,749 SF |
| Year Built | 2004 |
| Lot Size | 4.27 AC |
| Parking Ratio | 0.39/1,000 SF |
Amenities
- Security System
- Energy Performance Rating - D
- Automatic Blinds
- Storage Space
- Recessed Lighting
- Air Conditioning
Utilities
- Sewer
1 Unit Available
Unit 1
| Unit Size | 7,798 SF | Tenure | Freehold |
| Price | $2,018,343 CAD | Sale Status | Under Contract |
| Price Per SF | $258.83 CAD | Cap Rate | 6.96% |
| Condo Use | Industrial | NOI | $140,476.66 CAD |
| Sale Type | Investment |
| Unit Size | 7,798 SF |
| Price | $2,018,343 CAD |
| Price Per SF | $258.83 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Status | Under Contract |
| Cap Rate | 6.96% |
| NOI | $140,476.66 CAD |
Description
Excellently situated for access to the M20 at Junction 7 Warehouse/Industrial space with office accommodation fully let to two tenants until 23rd April 2028 with potential for rental growth. The ground floor has been let to an established plc company. The first floor office mezzanine has been let out separately on a Lease, Outside the Landlord & Tenant Act, expiring at the same time as the ground floor lease allowing to for flexibility to re-structure at the expiry of the Leases.
Sale Notes
FREEHOLD INDUSTRIAL INVESTMENT ---- FOR SALE ---- CURRENTLY LET AT £76,600 PER ANNUM GUIDE PRICE £1,100,000 REFLECTS A 6.96% ARY
+2 More
Floor Plan
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Boxley Rd
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