Fully let, mixed tenant, investment opportunity

12th February 2020

Oldfield Smith have available to buy freehold a mixed tenancy investment at Gun Hill. The premises are located approximately 2 miles along Nash Street, just past the Gun public house, from its junction with the main A22 London to Eastbourne Road, between Golden Cross and Lower Dicker.

Units 1 – 4 Swanwood Business Park

The site comprises 2 buildings originally designed to accommodate 4 separate units of accommodation in each. All units are air conditioned. The site is fence enclosed with electric security entrance gate activated by both key pad and remotely.

Units 1 – 4 are let to Aequitas accountants

Units 5 & 6 to Sasbah charity

Unit 7 to R J Courtel telecoms

Unit 8 to Turner tools

Units 5/6, 7 & 8 Swanwood Business Park

It is considered possible, subject to obtaining any necessary consents, to construct further units on the site.

Currently the site generates an income of £50,000pa. Offers invited in the region of £750,000 for the freehold subject to the above lettings representing a return of 6.67% before purchasers costs. One of the leases is currently in the process of being renewed with a proposed increase in rent which, when completed, will better the return shown.

Further information is available by clicking the link here or contacting us on 01825 762222