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11A & 11B Dolphin Park, Cremers Road, Eurolink, Sittingbourne

£565,000.00 - £1,200,000.00 Long Leasehold / Two long leasehold interests of 999 years from 25/12/1994 subject to the occupational leases expiring on 07/12/2030.

Amenities

  • from 4,651 sq.ft. (432 m²) to 9,873m² (917m²)
  • Freehold
  • Let to the same occupier
  • Ground floor warehouses with high level lighting
  • Access via large roller shutter goods doors
  • 6m eaves height
  • Rental income (per annum) - 11A £50,900, 11B £45,350. Net initial yield 7.5%. Reversionary yield 8.5% (after costs).

Location

11A & 11B Dolphin Park, Cremers Road, Eurolink, Sittingbourne, ME10 3HB

Description

The properties comprise two industrial/warehouse investments. Salient features of the properties are as follows:- * Both units let to the same occupier * Ground floor warehouse with high level lighting * Access via roller shutter goods doors * 6m eaves height * Gound floor reception office * Male & female WCs * Large open plan office to the first floor (11A) * Secure yard to the right of the unit (11A) * Parking immediately in front of the unit * Available separately or combined * Rental income (per annum) - 11A £50,900, 11B £45,350 (combined £96,250 per annum) * Net initial yield 7.5%. Reversionary yield 8.5% (after costs).

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