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Canterbury Industrial Park, Island Road, Hersden, Canterbury

£3,500,000.00 offers in excess of / Allowing for purchaser's costs at 6.6% at a purchase of £3,500,000 provides a net yield of 5.80%. The reversionary yield is in the order of 8.60%. This also shows a low capital value of £67.44 per sq. ft.
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Amenities

  • 52,891 sq.ft. (4,914 m²)
  • Freehold
  • Multi-Let Industrial Estate
  • Reversionary Investment Opportunity
  • Long Term Tenants
  • Yard Space
  • Rent Passing £216,840 per annum

Location

Canterbury Industrial Park, Island Road, Hersden, Canterbury, CT3 4HQ

Description

Canterbury Industrial Park comprise light industrial/warehouse units of steel portal frame construction with brick/profile metal cladding. Saliet features: * Roller shutter loading doors * Offices * WC & kitchen facilities * Dedicated parking forecourts

Business Rates

The rateable value figure below has been provided to us by the Valuation Office Agency

RV £0

Please note, the RV is NOT the actual rates payable. Rates payable are calculated by reference to the National Non-Domestic Rating (NNDR) multiplier which is set annually by Central Government. The current NNDR (2022/23) is 51.4p/£. 

Discounts and reliefs are available for qualifying small businesses occupying properties with rateable values below £15,000, reducing liabilities to £zero for properties with RVs below £12,000

Subject to eligibility for all available reliefs, we estimate that in the current financial year,

Rates payable are £0

Further information on this matter is available at Business Link

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