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Hermitage Lane, Aylesford, Maidstone, ME20 7PX

95,259 Sq Ft / Industrial

Withdrawn - Last updated: 05 October 2020

Strategically located in an established industrial location within the South East. Excellently situated within close proximity to Junction 5 of the M20 providing direct access to the M25 and London.Higher surrounding use values providing potential for redevelopment.Built to an excellent specification to include 9m eaves, 11 dock level loading doors, 50 lorry parking bays and dedicated car parking with approximately 61 spaces.The property provides approximately 8,850 sq m (95,259 sq ft) of gross internal accommodation.Freehold.On completion the property will be let to DHL Supply Chain Limited, on a new 10 year lease with a break at year 5.Total rental income of £XXX per annum, reflecting a low rent of £XXX per sq ftSite area of 10.5 acres (4.25 ha) which equates to a very low site coverage of 20.8%.We have been instructed by our client to seek offers in excess of £XXX (Six Million, One Hundred and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT. This price reflects a net initial yield of 7.75% after deducting purchasers’ costs of 6.60%, and equates to £XXX per sq ft overall.

Location

Hermitage Lane, Aylesford, Maidstone , ME20 7PX, Kent, South East


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