Commercial property
Investment for sale
South East Modern Office Investment, 200 & 210 Eureka Business Park, Upper Pemberton, Ashford, Kent

Investment for sale
£5,500,000 / NIY 8.60%
Summary
  • Ashford is an affluent, well located south east town, situated 54 miles south east of London on junction 9 of the M20 motorway with Ashford International train station providing high speed rail links to both London and Europe
  • Eureka Business Park is an established business park location, situated 1 mile north west of junction 9 of the M20 motorway and 2.5 miles north west of Ashford town centre and Ashford International train station
  • Buildings 200 & 210 were constructed in 2012 to provide two detached self contained, high specification, air-conditioned offices
  • Total net internal floor area of 2,414.16 sq m (25,985 sq ft) with 94 car spaces providing a car parking ratio of 1:276 sq ft 
  • Entirely let to two tenants with an AWULT of 7.48 years to expiry and 5.28 years to break (inclusive of 1 year rent penalty)
  • Total net income of £503,081 per annum exclusive (£19.36 psf overall) plus additional car parking income of £10,557 per annum 
  • Rent subject to one fixed uplift in 2022 to reflect a total income of £518,422 per annum exclusive (£19.95 psf overall) 
  • Offers are sought in excess of £5,550,000 (Five Million Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT (inclusive of costs of stamp on VAT) 
  • A purchase at this level reflects an attractive net initial yield of 8.60% assuming purchaser’s costs of 7.61% 
  • Low capital value of £213 per sq ft
Done
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