PROPERTIES

Units 1-8 Wincheap Trade Park, Cotton Road, Canterbury CT1 3RB

Price£7,066,000

PDF DETAILS

Units 1-8 Wincheap Trade Park, Cotton Road, Canterbury CT1 3RB

  • Price£7,066,000
  • Income£452,134
  • Yield6%
  • SectorOther
  • StatusAvailable
PDF DETAILS

Multi Let Trade Park Investment

Summary

  • Located within an established industrial/trade destination in Canterbury, adjacent to the Riverside Retail Park.
  • Comprising a terrace of 9 trade counter units extending to 69,893 sq ft.
  • Site area of 2.28 acres (0.92 hectares).
  • Current net income of £452,134 per annum.
  • Held leasehold from Canterbury City Council for 140 years expiring 14th July 2142 (120.5 years remaining).
  • AWULT of 3.15 years to expiry and 2.43 years to break.
  • Over 70% of the income is secured to the strong covenants of Howdens, Wolseley, TLC, Dreams and Screwfix.
  • Flexible planning consents with a mixture of uses.
  • Offers in excess of £7.066M.
  • Net initial yield of 6.0% after allowance for purchaser’s costs of 6.64%.