Watson House St. Leonards Rd 3,367 SF 48% Leased Office Building Maidstone ME16 0LS £725,000 (£215.33/SF)
INVESTMENT HIGHLIGHTS
- The property comprises the ground and first floors of a modern mid-terrace office building of steel frame construction with brick/block cladding
- The premises are situated within the 20/20 Industrial Estate, a modern courtyard of similar office buildings, providing terraced/semi detached offices
- The property benefits from gas fired central heating, separate male and female WC facilities, with a partitioned kitchen area on each floor.
- The 20/20 Estate is located just off Junction 5 of the M20 motorway and close to the Allington area of Maidstone, benefitting from a shopping parade
EXECUTIVE SUMMARY
Terms
We understand that the property is held on a 999 year lease from 29th September 1992 at a peppercorn rental
Price
£725,000 for the long leasehold interest.
The property would be suitable for either a tenant who only wishes to occupy the first floor or alternatively an owner/occupier wishing to buy a freehold or the entire building or indeed possible investor.
We understand that the property is held on a 999 year lease from 29th September 1992 at a peppercorn rental
Price
£725,000 for the long leasehold interest.
The property would be suitable for either a tenant who only wishes to occupy the first floor or alternatively an owner/occupier wishing to buy a freehold or the entire building or indeed possible investor.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Tenure
Long Leasehold
Building Size
3,367 SF
Building Class
B
Year Built
1990
Price
£725,000
Price Per SF
£215.33
Percent Leased
48%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,684 SF
Building FAR
1.18
Lot Size
0.07 AC
Parking
13 Spaces (3.86 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Raised Floor
- Accent Lighting
- Demised WC facilities
- Natural Light
- Air Conditioning
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CONTACT
-
Jonathan Creek -
Harrisons Chartered Surveyors
