Commercial property
Investment for sale Single Let Industrial Investment : Pentland House, Saracen Close, Gillingham Business Park, Gillingham

Summary

• South east industrial investment located on the renowned Gillingham Business Park
• Single let 19,316 sq ft warehouse
• Fully let to STI Line Ltd with a lease expiring in August 2019
• Gross rental income of £138,000 per annum, reflecting £7.14 per sq ft and a net income of £112,029.17
• We are instructed to seek offers in excess of £1,321,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 8%, assuming purchaser’s costs of 6.005%, reflecting a capital value of £68.38 per sq ft