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Mill Court Oast Mill St 3,715 SF 100% Leased Office Building East Malling ME19 6BU $1,242,819 ($334.54/SF)
Investment Highlights
- Office Investment For Sale.
- Semi-rural but accessible location.
- Attractive Oast conversion.
- 5 Minutes walk from East Malling station.
- Producing £77,235 per annum.
- £900,000 reflecting a 8.58% ARY.
- Picturesque setting on the Mill Pond.
Executive Summary
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.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,715 SF
Building Class
B
Year Built
1965
Price
$1,242,819
Price Per SF
$334.54
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,858 SF
Building FAR
0.35
Lot Size
0.24 AC
Parking
7 Spaces (1.88 Spaces per 1,000 SF Leased)
Amenities
- Commuter Rail
- Conferencing Facility
- Reception
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- HML Andertons Limited
- -
- 1,540 SF
- -
- Sep 2019
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| HML Andertons Limited | - | 1,540 SF | - | Sep 2019 |
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Mill Court Oast | Mill St
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