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Radfield, London Road, Teynham, Sittingbourne

£3,000,000.00 offers in excess of / * The property is let to Waterco (Europe) Limited * 10 year FRI lease (subject to a Schedule of Condition) from 29th April 2026 at an initial rent of £250,000 per annum. * Annual fixed rent increases from 29th April 2029 (to £258,750 per annum) until
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Amenities

  • 44,380 sq.ft. (4,123 m²)
  • Freehold
  • 3 detached buildings
  • Let to Waterco (Europe) Limited
  • 10 years from April 2026. Initial rent £250,000 per annum
  • Annual fixed rent increases from 29th April 2029 up to 29th April 2035

Location

Radfield, London Road, Teynham, Sittingbourne, ME9 9PS

Description

* Roughly rectangular shaped site * 3 steel portal framed warehouses, plus a basic quality store * Office accommodation within principal building * Main building, eaves height approx. 18'0" * Warehouse 2, eaves height approx. 13'3" * Warehouse 3, eaves height approx. 22'6"

Business Rates

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

RV £222,000

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 £106,560

Further information on this matter is available at Business Link

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