Instructions

AXIOM, ORBITAL PARK, ASHFORD, KENT

SOLD

Details

Freehold multi-let modern industrial investment.

  • Well located less than 1 mile from Junction 10 of the M20.
  • Strong tenant profile, namely Howdens Joinery, Meggitt and Hire Station.
  • In close proximity to major national operators including Screwfix, Toolstation, Halfords and Topps Tiles.
  • The current rents passing totals £528,323 pa, which equates to £9.50 psf.
  • 5.56 years unexpired term with potential for rental uplift.
  • Offers sought in excess of £10,063,295 subject to contract and exclusive of VAT. This equates to a capital value of £181 per sq ft. A purchase at level would provide an Initial Yield of 5.25% assuming purchasers costs of 6.69%.

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