Unit 177, John Wilson Business Park Thanet Way Whitstable Kent CT5 3QZ

Unit 177, John Wilson Business Park
Thanet Way
Whitstable
Kent
CT5 3QZ

Freehold Industrial Investment

Entirely let to Mediterranean Direct Limited
Located within the established John Wilson Business Park Development
Within 3 miles of Whitstable Town Centre
Benefits from On-Site Parking and Loading Door

Lot
46
Auction
17th October 2013
Rent
£10,550 per Annum Exclusive
Status
Sold
Price
£95,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On the Instructions of Major Fund Managers

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Freehold Industrial Investment

Entirely let to Mediterranean Direct Limited
Located within the established John Wilson Business Park Development
Within 3 miles of Whitstable Town Centre
Benefits from On-Site Parking and Loading Door

Lot 46
Auction 17th October 2013
Rent £10,550 per Annum Exclusive
Status Sold
Price £95,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On the Instructions of Major Fund Managers

Property Information

Location

Miles: 7 miles north of Canterbury, 29 miles east of Maidstone, 63 miles south-east of Central London
Roads: A299, M2
Rail: Chestfield & Swalecliffe
Air: London Southend Airport

Situation

The property is situated within the established John Wilson Business Park, some 3 miles south-east of Whitstable town centre. The property benefits from good communication links being a short distance from Thanet Way (A2990) providing access to the A299 which connects with the M2 motorway.

Tenure

Freehold.

Location

Miles: 7 miles north of Canterbury, 29 miles east of Maidstone, 63 miles south-east of Central London
Roads: A299, M2
Rail: Chestfield & Swalecliffe
Air: London Southend Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor workshop with first floor office and storage accommodation. The property benefits from a loading door and an area to the front used as car parking.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor workshop with first floor office and storage accommodation. The property benefits from a loading door and an area to the front used as car parking.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Workshop Office/Storage	90.80 sq m 87.50 sq m	(977 sq ft) (942 sq ft)	MEDITERRANEAN DIRECT LIMITED (1)	5 years from 09/03/2013 on a full repairing and insuring lease (2) (3)	£10,550	08/03/2018
Totals		178.30 sq m	(1,919 sq ft)			£10,550

(1) Based in Whitstable, Kent, and Bologna, Italy, Mediterranean Direct Ltd is a company specialising in the import and distribution of high quality, artisan produced Italian food and wine with a range of over 500 products. (Source: www.mediterraneandirect.co.uk 18/09/2013)
(2) The lease is subject to a schedule of condition.
(3) The lease provides a tenant option to break on the third anniversary of the term subject to 6 months notice.