Forward Way Rochester Airport Industrial Estate, Rochester, ME1 3QX, UK

Rochester Airport Industrial Estate

Building area gross

3,613 sm

Occupancy

100%

Year built

1980

Land area gross

0.81 ha

Units

WAULT

5.38 years

Ceiling height

6 m

Tenants

Loading docks

Investment strategy

Value Add

NOI

CA$769,000

Rent PSF

CA$19.77

Cap rate

5.75%

Asking price

CA$12,506,000

The property comprises a multi let industrial estate located in the south east of england, benefitting from the following specification:

Rare opportunity to acquire a multi let industrial estate located in the South East of England.
Short distance to the M2 Motorway, providing access to the South East of London and the wider motorway network.
The estate, totalling 38,886 sq ft, produces a headline rent of £414,721 per annum, equating to a low average rent of £10.67 per sq ft across the estate.
Prime rents in Rochester currently stand at £14.00 per sq ft, demonstrating the asset’s strong reversionary potential.
Significant immediately deliverable asset management opportunities with over 20% of income subject to rent review within 12 months, allowing for an incoming purchaser to immediately drive performance on the asset.
Diverse strong occupier base, with over 75% of income rated as Very Strong or Strong CreditSafe rating. Core areas of business dominated by the Logistics, Automotive and Construction industries.
Freehold.