Commercial property For Sale
Single Let Industrial Investment : Pentland House, Saracen Close, Gillingham Business Park, Gillingham
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
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