Industrial & Logistics

Units 1-4, Vale Road, Tonbridge

Deacon Valley Trading Estate, Tonbridge, United Kingdom TN9 1su
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area

Property description

The property comprises a trade park which provides a standalone double unit and 2 additional units that form part of a larger terrace. Units 1-4 of the estate extends to approximately 5,767 sq m (62,081 sq ft) with individual unit sizes ranging from circa 15,849 sq ft to 27,191 sq ft. The estate has approximately 78.5 metres of frontage to Vale Road.

Investment highlights

• A multi-let trade park in an established and affluent South East location benefiting from excellent

transport links.

• Highly reversionary asset with an imminent opportunity to capture rental growth.

• The property comprises 4 industrial/trade counter units let to 3 tenants extending to a gross internal

area of approximately 5,767 sq m (62,081 sq ft).

• The property is fully let to 3 tenants with strong covenant strengths.

• Total income of £426,000 per annum, averaging £6.86 per sq ft overall (Net income of £298,200

after head rent pay away of £127,800).

• Estimated rental value of £568,500 per annum, reflecting £9.16 per sq ft overall.

• Average weighted unexpired lease term of 11.3 years to expiries and 4 years to breaks

(from 24th May 2021).

• Tenants include Alsford Timber Ltd, Galerie Ltd, and Albion Fine Foods Ltd (with a guarantee from Vestey Holdings Ltd).

• Site area of approximately 1.46 hectares (3.61 acres) with an approximate site cover of 39%.

Last Updated Date: 25 Aug 2021
Christopher Robinson
Christopher Robinson
Director - Capital Markets
Daniella Sidoli
Daniella Sidoli
Surveyor

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Last Updated Date: 25 Aug 2021

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