Warehouse for sale

Shingle Barn, Smiths Hill, West Farleigh, Maidstone, Kent, ME15 0PH

Contact Agent

Call Agent 01622 673086

Marketed by

Sibley Pares Maidstone

1 Ashford Rd, Maidstone ME14 5BJ, UK

Properties for sale Properties to let

Available

Shingle Barn, Smiths Hill, West Farleigh, Maidstone, Kent, ME15 0PH

1 of 10

Guide Price

£3,250,000

Shingle Barn, Smiths Hill, West Farleigh, Maidstone, Kent, ME15 0PH

20603 sq. ft (1914.08 m²)

Contact Agent Call Agent 01622 673086

Key features

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
Potential Reversionary Yield in excess of 8%
Reflects a low capital value of £157.74 per sq ft

Description

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 West Farleigh, approximately 4.5 miles west of Maidstone Town Centre in a picturesque setting with outstanding views over the North Downs and across the River Medway.
The property is on a total site area of approximately 2.15 acres (0.87 ha)

Reference: 203181_sales

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All commercial properties for sale in Maidstone

Marketed by

Sibley Pares Maidstone

1 Ashford Rd, Maidstone ME14 5BJ, UK

Properties for sale Properties to let