SUTTONS BUSINESS PARK, New Road, RAINHAM, ESSEX, RM13 8DE

FOR SALE
FOR SALE
3 months ago.
Asking price
£600,000
Type
Industrial
Sizes
4,190.0 sq ft

UNIT A2 (PERIODIC TENANCY) INVESTMENT - PRODUCING INCOME OF £18,000 PA The property comprises a two storey building of steel portal frame design, with full mezzanine. The ground floor warehousing/workshop space has an eaves height of 3.4 metres, with the first floor being used as storage. Access is via 1x full height roller shutter and 2x smaller roller shutters of 2.23 metres. This property has benefitting from 3 phase electricity supply. UNIT B16-17 (PERIODIC TENANCY) PRODUCING INCOME OF £16,000 PA - VACANT POSSESION The property comprises a two storey building of steel portal frame design, with mezzanine. The ground floor warehousing/workshop space has a minimum eaves height of 2.73 metres under the mezzanine and 6.27 metres at full height. This property benefits from 3 phase electricity supply, alarm and WC. (The tenancy information has been verbally provided to us by the vendor and at the time of publication, we have yet to see sight of the existing lease.)
• ESTABLISHED INDUSTRIAL LOCATION
• FREEHOLD INVESTMENT
• TWO INDUSTRIAL PROPERTIES
• TOTAL NET INTERNAL AREA OF 4,190 SQ. FT (389.36 SQ. M)
• WE ARE SEEKING OFFERS IN THE REGION OF £600,000 SUBJECT TO CONTRACT. A PURCHASE AT THIS PRICE REFLECTS A CAPITAL VALUE OF £143 PER SQ. FT, A NET INITIAL YEILD OF 5.58% AND A POTENTIAL REVERSIONARY YIELD OF 5.91%, ASSUMING PURCHASER'S COSTS OF 1.4%
• 3 PHASE ELECTRICITY SUPPLY
• ALARM
• SHORT DISTANCE TO A13

NIY (%)
5.91
Extracted features
A2 Financial and professional services, Accessible, Business park, Spacious, Storage, Toilet
Local rail / tube
Rainham 1.2m
National rail
Rainham (London) 1.3m
Nearest airport
London City 8.6m
Contact details
James McFeely 020 3141 3520

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