Unit 6 Kingfisher Business Centre
Henwood Industrial estate
Ashford
Kent
TN24 8DH

Freehold Industrial Investment

  • Let for 10 years until 2027 (subject to option)
  • Situated within the well established Henwood Industral Estate
  • Benefits from close proximity to the M20 (Junction 9) and Ashford International train station
  • Lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954
  • Lot
    61
  • Auction
    28/Mar/2018
  • Rent
    £15,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Unit 6 Kingfisher Business Centre<br>Henwood Industrial estate<br>Ashford<br>Kent<br>TN24 8DH
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Property Information

Location
Miles
12 miles south-west of Canterbury, 50 miles south-east of the City of London, 50 miles north east of Brighton
Roads
A292, A20, M20 (Junction 9)
Rail
Ashford International Train Station
Air
Gatwick Airport
Situation

The property is prominently situated in the well established Kingfisher Business Centre on the Henwood Industrial Estate, on the south side of the M20 within close proximity to junction 9 and within a mile of Ashford International Train Station. Nearby occupiers include Speedy Hire and a number of other traders.

Tenure

Freehold.

Description

The property comprises industrial accommodation on the ground and first floor. The entire roof surface accommodates solar energy panels (4).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Industrial
Industrial
127.42 sq m
104.51 sq m
(1,371 sq ft)
(1,125 sq ft)
VERTIGO
PROPERTY
MANAGEMENT
LTD
10 years from
1/11/2017 (1) (2)
£15,000 (3)01/11/2018,
01/11/2019 and
01/11/2023
(30/10/2027)
Total
231.93 sq m
(2,496 sq ft)
  £15,000 (3) 

(1) The lease is subject to a tenant option to determine on 24/11/2024.
(2) The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954.
(3) The current rent reserved under the terms of the lease is £12,000 p.a.x. The lease provides for a fixed increase in rent to £13,500 p.a.x. on 01/11/2018 and to £15,000 p.a.x. on 01/11/2019. The seller will pay the buyer the difference between the current rent reserved of £12,000 p.a.x and £13,500 p.a.x. from completion of sale until 01/11/2018 and the difference between £13,500 p.a.x. and £15,000 p.a.x. from 01/11/2018 until 01/11/2019. Therefore the property will produce £15,000 p.a.x. from completion of the sale.
(4) As to the solar energy panels, there is a lease granted in favour of Symbio Energy LLP for a term of 50 years from 7th March 2013 at a current rent reserved of £1 p.a.x. The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954, but does provide for a tenant option to extend the lease for a further 50 years. The lease provides for the tenant to operate extensive rooftop solar energy panels and supply electricity to the property. Under the terms of the lease in favour of Symbio Energy LLP, the occupational tenant and the freeholder may benefit from discounted prices for electricity. See lease for details.

Property Documents

  • Site Plan
    Updated Date
    06.03.18
    File Size
    552 KB
    View PDF
  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    652 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Bosley & Co Solicitors 5 Marlborough Place
Brighton
BN1 1UB
Ovie Opone 01273 608 181ovie@bosley.co.uk

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