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Neptune Way - Waterside Court- B 2,851 SF Flex Condo Unit Offered at $707,559 CAD in Rochester ME2 4NZ
Investment Highlights
- The property is located on Waterside Court on the Medway City Estate fronting Neptune Way which is in the South Eastern side of the Estate
- The property offers great flexibility. The ground floor workshop has shutter door access from the loading area to the front which benefits from a 3.6m
- There is excellent access to J1 and 4 of the M2 motorway and approximately 15 minutes to the M25.
Executive Summary
The property offers great flexibility. The ground floor workshop has shutter door access from the loading area to the front which benefits from a 3.6m floor to ceiling height. It has been partially separated to provide a newly fitted separate office with kitchen benefiting from its own entrance allowing for opportunities to sub-let if required. The first floor office accommodation can be accessed via an internal staircase from the ground floor office or alternatively via the common area off the main circulation area of Waterside Court which has lift access as well as the stairwell. The property has been measured on a Gross Internal Area (GIA) basis as follows:
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Tenure | Long Leasehold |
| Sale Status | Under Contract |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Tenure | Long Leasehold |
Description
Reading House is situated within Waterside Court on the Medway City
Estate. It offers great flexibility and has a ground floor workshop which
has been partially separated to provide an office with separate kitchen
benefiting from its own entrance allowing for opportunities to sub-let if
required. The remaining ground floor accommodation remains
workshop space with shutter door access from the loading area
Estate. It offers great flexibility and has a ground floor workshop which
has been partially separated to provide an office with separate kitchen
benefiting from its own entrance allowing for opportunities to sub-let if
required. The remaining ground floor accommodation remains
workshop space with shutter door access from the loading area
Sale Notes
Price
£385,000
To purchase the Long Leasehold interest of Title K949659
being a 955-year Lease expiring 30 March 2963
£385,000
To purchase the Long Leasehold interest of Title K949659
being a 955-year Lease expiring 30 March 2963
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 2,851 SF | Flex | $707,559 CAD ($248.18 CAD/SF) | - |
Unit 1
| Unit Size |
| 2,851 SF |
| Condo Use |
| Flex |
| Price |
| $707,559 CAD ($248.18 CAD/SF) |
| NOI |
| - |
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Unit 1
| Unit Size | 2,851 SF |
| Condo Use | Flex |
| Price | $707,559 CAD ($248.18 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Tenure | Long Leasehold |
| Description | |
| Reading House is situated within Waterside Court on the Medway City<br> Estate. It offers great flexibility and has a ground floor workshop which<br> has been partially separated to provide an office with separate kitchen<br> benefiting from its own entrance allowing for opportunities to sub-let if<br> required. The remaining ground floor accommodation remains<br> workshop space with shutter door access from the loading area</li></ul> | |
| Sale Notes | |
| Price<br> £385,000<br> To purchase the Long Leasehold interest of Title K949659<br> being a 955-year Lease expiring 30 March 2963</li></ul> |
Property Facts Under Contract
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 42,615 SF | Typical Floor Size | 10,654 SF |
| Property Type | Flex (Condo) | Year Built | 1995 |
| Property Subtype | Light Manufacturing | Lot Size | 0.55 AC |
| Building Class | B | Parking Ratio | 0.47/1,000 SF |
| Floors | 4 |
| Total Building Size | 42,615 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 10,654 SF |
| Year Built | 1995 |
| Lot Size | 0.55 AC |
| Parking Ratio | 0.47/1,000 SF |
Amenities
- Kitchen
- Energy Performance Rating - C
- Energy Performance Rating - D
- Storage Space
- Air Conditioning
Utilities
- Heating
1 1
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Street
Map
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Neptune Way - Waterside Court- B
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