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

Investment for sale
£1,321,000 / NIY 8%
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
Done
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