Offers over
£1,000,000
(£17.13/sq. ft)
Retail premises for saleLand At Station Road, Station Road, Gillingham SP8
58,370 sq. ft
Freehold
About this property
Redevelopment Opportunity
Existing buildings / open yard space let until 25/26
Passing rent totals £56,500 pa
Description
The property comprises a period 2 storey industrial building lying to the south of the site and currently let under two separate leases. There is also an adjoining building currently occupied as a store by the owner of the site.
There is a yard and vehicle parking area to the north of the main building and then a car/van sales area at an elevated level adjoining Le Neubourg Way. The car/van sales area is let under a separate lease.
The rent passing under all three leases is a total of £52,000 pa. The leases expire in 2025 and 2026 and are held on terms outside of the Landlord and Tenant Act 1954, meaning that the tenants have no absolute right of renewal.
Further rent of £4,500 pa is received for a telecommunications mast (identified in blue on the site plan).
Location
This property is situated on the corner of Station Road and Le Neubourg Way in the centre of the thriving north Dorset town of Gillingham.
Le Neubourg Way provides a southern relief road to the town centre and provides access to both a Waitrose and Asda supermarkets, both of which are within approximately 400 yards of the subject property.
There is a range of other commercial concerns close by, including a small retail park and an employment estate.
The main line railway station with a direct link to London Waterloo is located approximately 250 yards to the south of the site. There is also residential accommodation nearby, primarily to the south of the site.
Viewings
Viewings are to be arranged via the agents.
The property comprises a period 2 storey industrial building lying to the south of the site and currently let under two separate leases. There is also an adjoining building currently occupied as a store by the owner of the site.
There is a yard and vehicle parking area to the north of the main building and then a car/van sales area at an elevated level adjoining Le Neubourg Way. The car/van sales area is let under a separate lease.
The rent passing under all three leases is a total of £52,000 pa. The leases expire in 2025 and 2026 and are held on terms outside of the Landlord and Tenant Act 1954, meaning that the tenants have no absolute right of renewal.
Further rent of £4,500 pa is received for a telecommunications mast (identified in blue on the site plan).
Location
This property is situated on the corner of Station Road and Le Neubourg Way in the centre of the thriving north Dorset town of Gillingham.
Le Neubourg Way provides a southern relief road to the town centre and provides access to both a Waitrose and Asda supermarkets, both of which are within approximately 400 yards of the subject property.
There is a range of other commercial concerns close by, including a small retail park and an employment estate.
The main line railway station with a direct link to London Waterloo is located approximately 250 yards to the south of the site. There is also residential accommodation nearby, primarily to the south of the site.
Viewings
Viewings are to be arranged via the agents.
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Monthly repayment
£5,002 per month
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