Longwing Industrial Estate, 86-88 Hopewell Drive, Chatham, ME5 7NL

Location

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.

Summary

Key points

• 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%

Contact

Caxtons Commercial Ltd
Tel: 01474 537733
Neil Chatterton
nchatterton@caxtons.com
www.caxtons.com

EPC