Mill St - Office FOR SALE


East Malling, KEN ME19 6BU
$900,000 USD
173-244-6767
Mill St, East Malling, KEN for Sale
$900,000 USD
Office - FOR SALE
1/17
null | Request Cap Rate

Mill St
East Malling, KEN ME19 6BU


HIGHLIGHTS

  • Office Investment For Sale
  • Producing £77,235 per annum
  • Semi-rural but accessible location
  • £900,000 reflecting a 8.58% ARY
  • Attractive Oast conversion
  • Picturesque setting on the Mill Pond
  • 5 Minutes walk from East Malling station

OVERVIEW

FREEHOLD OFFICE INVESTMENT -- FOR SALE -- Attractive converted Oast building within semi-rural location with generous car parking, but benefitting from excellent connectivity with junction 4 of the M20 within easy reach and East Malling Station within 5 minutes walk which has services to London Victoria in less than 1 hour. The offices offer two separate self-contained suites which are let out to two separate tenants, currently producing £77,235 per annum reflecting an ARY of 8.58%. The Ground Floor Offices (Unit 1) are currently let on a 6 year lease expiring August 2026 producing income of £32,235 per annum. The First Floor Offices (Unit 2) have been converted to a Yoga Studio and have been refurbished to a high standard to create open plan studio accommodation with newly installed wcs and kitchen. In addition there is reception area and meeting rooms / offices within the roundels. The first floor is let on a 6 year lease, expiring 11th April 2029 at a rent of £45,000 per annum. The entire property benefits from 19 car parking spaces.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mill Court Oast

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,646 SF

ZONING

-

APN/PARCEL ID

K343653

ASK ABOUT THIS PROPERTY

Phil HubbardSibley Pares Chartered SurveyorsMore Info
173-244-6767

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Phil HubbardSibley Pares Chartered SurveyorsMore Info
173-244-6767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.