Shingle Barn

Bid Amount

Description

Property Details

Freehold Light Industrial Investment
EPC A and A+
Significant Income from Solar Panel Feed In Tariff
Current combined net income is £225,464 per annum
Reflects 6.94% ARY
Potential To Increase Rents
Reversionary Yield of 8.05%
Reflects a low capital value of £157.74 per sq ft

INDUSTRIAL / BUSINESS CENTRE INVESTMENT FOR SALE

The property was formally an agricultural building which was granted planning in 2004 and laterally converted to the current business centre around 2011. The site comprises two main buildings which has been split into several smaller units which can be adapted to suit but currently provides 12 separate areas which are let out. The site is primarily warehouse accommodation with some ground and first floor offices with communal facilities and meeting space.

The property is 100% occupied and generates a passing rent of £225,464 per annum (including circa £36,000 pa feed in tariff from the solar panels).

It is situated in a picturesque setting with outstanding views.

The property is on a total site area of approximately 2.15 acres (0.87 ha).

Location

Shingle Barn is located in a rural village. Its setting places it firmly in countryside, but still within the commuter belt of London and the wider southeast. The property is well situated to service many local businesses, providing a delightful setting but still within easy reach of the main road networks.

Accommodation

The property has been entirely refurbished and provides a mixed use business centre building which is primarily industrial / warehousing with some offices and storage. There are two main areas, the main building has ground and first floor offices to the front with far reaching views and there are 5 individual warehouse / workshop buildings with full height shutter doors on each elevation.

There is a separate gated courtyard giving access to an additional 5 warehouse / storage buildings.

The properties have been measure on a Gross Internal Area (GIA) basis as follows;

Main Building
Ground Floor Offices and Warehousing = 957.83 sq m = 10,310 sq ft
First Floor Offices and Mezz = 454.20 sq m = 4,889 sq ft
Total GIA

Courtyard Buildings
Ground Floor Warehousing = 502.05 sq m = 5,404 sq ft

Total GIA = 1,914.08 sq m = 20,603 sq ft

Total Site Area = 2.15 Acres = 0.87 ha

A full breakdown of the individual units is available via the data room, upon request.

Selling Price: £ 3,250,000
Our Finders Fee Commission: £ 32,500
Total Selling Price: £ 3,282,500