£1,950,000
(£106.24/sq. ft)
Warehouse for saleLongwing Industrial Estate, 86-88 Hopewell Drive, Chatham, Kent ME5
18,354 sq. ft
Just added
Freehold
About this property
Three units totalling 18,354 sq ft (1,705 sq m)
Site area 1.077 acres (0.44 Ha) with a low site coverage of approx 39%
Total net income of £163,940 pa
Low average rent of £8.93 psf
Attractive net initial yield of 7.9%
The estate comprises three industrial units, two of which are interconnected and occupied by the same tenant, together with ancillary office accommodation. Externally, the site benefits from a large loading and parking area to the front and side, with additional access and loading to the rear. The estate is securely enclosed with palisade fencing to Hopewell Drive and steel entrance gates.
The front sections of Units 86 and 87-88 are of modern steel portal frame construction, with part brick and part clad elevations and a maximum eaves height of approx. 6.5 metres. The rear section of Unit 86 is of an older construction, providing an eaves height of approx. 3.81 metres.
Unit 86 was substantially re-roofed in 2017 with insulated profile steel sheeting incorporating rooflights. Units 87-88 benefit from an insulated corrugated asbestos roof with rooflights.
Each unit includes ancillary office, storage, kitchen and wc facilities. Offices are arranged at ground and first floor levels to the front of Units 87-88, with ground floor ancillary accommodation to Unit 86.
The estate also benefits from a large covered yard area to the side of Unit 88 and a smaller covered yard to the rear of Unit 87.
The front sections of Units 86 and 87-88 are of modern steel portal frame construction, with part brick and part clad elevations and a maximum eaves height of approx. 6.5 metres. The rear section of Unit 86 is of an older construction, providing an eaves height of approx. 3.81 metres.
Unit 86 was substantially re-roofed in 2017 with insulated profile steel sheeting incorporating rooflights. Units 87-88 benefit from an insulated corrugated asbestos roof with rooflights.
Each unit includes ancillary office, storage, kitchen and wc facilities. Offices are arranged at ground and first floor levels to the front of Units 87-88, with ground floor ancillary accommodation to Unit 86.
The estate also benefits from a large covered yard area to the side of Unit 88 and a smaller covered yard to the rear of Unit 87.
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