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New Rd - Former Britannia Lift Premises 4,221 SF Office Condo Unit Offered at $535,743 in Sheerness ME12 1NB
Investment Highlights
- Located on large industrial estate
- Accessed via the A229 with the M2 junction 5 within 10.5 miles and M20 junction 7 within 16.5 miles
- Walking distance from Sheerness railway station
Executive Summary
The property is situated on New Road less than 1 mile south west of Sheerness town centre, providing retails and other amenities. Sheerness railway station is within walking distance providing services to London via Sittingbourne.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 7.02% |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| Tenure | Freehold |
Description
Britannia House is a two storey office building which is currently made up of 13 individual suites ranging from 87 sq ft up to 502 sq ft which have the benefit of LED, electric heating, carpets and data cabling.
Sale Notes
The property is currently 34% let with 4 tenants providing an income of circa £28,000 per annum with an ERV of £55,000. Further information upon request.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Serviced | 4,221 SF | Office | $535,743 ($126.92/SF) | $37,596.01 |
Unit Serviced
| Unit Size |
| 4,221 SF |
| Condo Use |
| Office |
| Price |
| $535,743 ($126.92/SF) |
| NOI |
| $37,596.01 |
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Street
Map
Unit Serviced
| Unit Size | 4,221 SF |
| Condo Use | Office |
| Price | $535,743 ($126.92/SF) |
| NOI | $37,596.01 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| Tenure | Freehold |
| Description | |
| Britannia House is a two storey office building which is currently made up of 13 individual suites ranging from 87 sq ft up to 502 sq ft which have the benefit of LED, electric heating, carpets and data cabling.</li></ul> | |
| Sale Notes | |
| The property is currently 34% let with 4 tenants providing an income of circa £28,000 per annum with an ERV of £55,000. Further information upon request.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 39,502 SF | Floors | 2 |
| Property Type | Industrial (Condo) | Typical Floor Size | 19,751 SF |
| Property Subtype | Warehouse | Year Built | 1962 |
| Building Class | B | Lot Size | 2.00 AC |
| Total Building Size | 39,502 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 19,751 SF |
| Year Built | 1962 |
| Lot Size | 2.00 AC |
Amenities
- Reception
Utilities
- Lighting
- Water
- Sewer
- Heating
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1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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New Rd - Former Britannia Lift Premises
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