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3-5 Dexter Business Centre, Sandpit Road, Dartford

£1,500,000.00 for the Freehold / PRICE £1,500,000 (freehold). Allowing for purchaser's costs at 6.60% a purchase at £1,500,000 provides an attractive net initial yield of 7.78%. This also shows a low capital value of £123 per sq. ft. VAT We understand VAT is not payable on the pur
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Amenities

  • 12,255 sq.ft. (1,139 m²)
  • Freehold
  • Multi-Let Industrial/Warehoue & Office Investment
  • Eight separate occupiers
  • Warehouse & office use
  • Site area 0.5 acres/0.2 hectares
  • Gross income £207,660 (including service charge & business rates)
  • Net income £124,460 per annum
  • FOR SALE (freehold)

Location

3-5 Dexter Business Centre, Sandpit Road, Dartford, DA1 5BU

Description

The property comprises an industrial/warehouse and office investment. Salient features of the property are as follows: - * Multi-let investment * Eight separate occupiers * Warehouse and office uses * LED & Cat 2 lighting * Communal WCS & kitchen * Large car park * Three Phase Power * High Speed Broadband * Site area 0.5 acres/0.2 hectares * Gross income £207,660 per annum (including service charge and business rates * Net income £124,460 per annum

Business Rates

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

RV £108,000

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 £51,840

Further information on this matter is available at Business Link

Information

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