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20 Patricia Way, Pysons Road Industrial Estate, Ra, Ramsgate, Ramsgate, CT10 2LE
not specified / Industrial
Withdrawn - Last updated: 15 April 2023
Single let industrial unit totalling 49,857 sq ft (GIA), located in the main established trade / industrial estate for the area with direct frontage to Pysons Road.Let in its entirety to Booker Ltd for a term of 15 years until August 2028 at a headline rent of 200,000 p.a. equating to 4.00 per sq ft.WAULT of 12.0 years to expiry.100% of the income is secured against a national covenant with a very low risk of business failure and reported an annual turnover of 3.8bn in its last audited accounts Freehold.Well configured site with a low site cover of 36%.We are instructed to seek offers in excess of 2,900,000 (Two Million Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 6.50%, assuming purchasers costs of 6.44%
Location
20 Patricia Way, Pysons Road Industrial Estate, Ramsgate, Ramsgate, Ramsgate , CT10 2LE, Kent, South East
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