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Wickes Foster Rd 28 029 pi² Commerce de détail Immeuble Sevington TN24 0SH 11 678 593 $ CAD (416,66 $ CAD/pi²) 6,50% Taux de capitalisation
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Faits saillants de l'investissement
- Close to local amenities
- Open plan
- High ceilings
Résumé de l'annonce
The property comprises a prominent freehold retail warehouse investment in Ashford, Kent, let to Wickes Building Supplies Limited. The unit extends to approximately 27,834 sq ft GIA on a site of 1.7 acres (0.7 hectares) and benefits from an open A1 non-food planning consent. The asset is strategically located off the busy A2070 dual carriageway, providing direct connectivity to the M20 motorway within a two-minute drivetime, and is situated adjacent to Ashford Retail Park, the town’s principal retail destination. Ashford is a densely populated market town with a 15-minute drivetime catchment of over 110,000 people, with further significant regeneration underway including approximately 10,000 new homes within a 10-minute drivetime.
The property is let in its entirety to Wickes Building Supplies Limited, a Very Low Risk rated national multiple, which has been in occupation for over 35 years and recently invested circa £1.2 million into store refurbishment, demonstrating long-term commitment to the site. The lease was regeared in 2023 to provide a term certain of 10 years, expiring in June 2033, with an upwards only open market rent review in 2028, subject to a cap of £504,722.49 per annum. The passing rent is £434,500 per annum, reflecting a low £15.61 per sq ft. The asset is offered at a quoting price of £6,270,000, reflecting a net initial yield of 6.50% after allowing for usual purchaser’s costs.
The property is let in its entirety to Wickes Building Supplies Limited, a Very Low Risk rated national multiple, which has been in occupation for over 35 years and recently invested circa £1.2 million into store refurbishment, demonstrating long-term commitment to the site. The lease was regeared in 2023 to provide a term certain of 10 years, expiring in June 2033, with an upwards only open market rent review in 2028, subject to a cap of £504,722.49 per annum. The passing rent is £434,500 per annum, reflecting a low £15.61 per sq ft. The asset is offered at a quoting price of £6,270,000, reflecting a net initial yield of 6.50% after allowing for usual purchaser’s costs.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Ancienneté
Pleine propriété
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
28 029 pi²
Classe d’immeuble
B
Année de construction
1990
Prix
11 678 593 $ CAD
Prix par pi²
416,66 $ CAD
Taux de capitalisation
6,50%
Revenu net d’exploitation
759 109 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Quais de chargement
1 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,37
Taille du lot
1,76 AC
Stationnement
120 places (4,31 places par 1 000 pi² loué)
Façade
339’ sur Foster Rd
Commodités
- Affichage
- CVCA contrôlé par le locataire
- Accessible aux fauteuils roulants
- Espace d'entreposage
- Climatisation
- Détecteur de fumée
1 1
Principaux détaillants à proximité
1 de 4
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
Wickes | Foster Rd
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