Park Industrial Park | Romney Rd
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Park Industrial Park Romney Rd
8,730 SF 100% Leased Industrial Building Romney Marsh TN29 9LN $1,265,807 ($145/SF)
Investment Highlights
- Multi-let Industrial Estate
- Estimated rental value circa £50,000 per annum
- 1.90 Acres
- Passing rent of £22,560 pa
- Potential for Commercial or Residential Development (Subject to the Necessary Consents)
Executive Summary
The property comprises a multi let industrial estate with nine permanent buildings and a variety of occupiers. There are a range of buildings on site, including steel portal framed warehouses with high eaves, a Nissan hut, stores and portacabin along with outside space for parking and yard areas. At present there are containers in one area but these are the property of the vendor and will be removed prior to completion of the sale.
There are no tenancy agreements for any of the occupants with all arrangements on an informal ‘handshake’ basis. All the tenants are individuals and have not been named on this brochure in line with GDPR requirements.
Offering
The property comprises a multi let commercial site with a range of occupiers and uses which is available for sale. We consider that the property is suitable as a commercial investment or commercial/residential development opportunity.
The property is considered suitable development (subject to the necessary planning consents).
Tenure
The property is owned Freehold and is to be sold with vacant possession. There is a right of way over the land coloured blue for the benefit of the neighbour as a result of a land transfer.
There are no tenancy agreements for any of the occupants with all arrangements on an informal ‘handshake’ basis. All the tenants are individuals and have not been named on this brochure in line with GDPR requirements.
Offering
The property comprises a multi let commercial site with a range of occupiers and uses which is available for sale. We consider that the property is suitable as a commercial investment or commercial/residential development opportunity.
The property is considered suitable development (subject to the necessary planning consents).
Tenure
The property is owned Freehold and is to be sold with vacant possession. There is a right of way over the land coloured blue for the benefit of the neighbour as a result of a land transfer.
Property Facts
| Price | $1,265,807 | Lot Size | 1.90 AC |
| Price Per SF | $145 | Rentable Building Area | 8,730 SF |
| Sale Type | Investment | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1980 |
| Property Type | Industrial | Parking Ratio | 6.3/1,000 SF |
| Price | $1,265,807 |
| Price Per SF | $145 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Lot Size | 1.90 AC |
| Rentable Building Area | 8,730 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 6.3/1,000 SF |
Amenities
- Storage Space
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Park Industrial Park | Romney Rd
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