No longer on the market
This property is no longer on the market
Floorplan
MapShop
Shop
17555
Features and description
- Long Leasehold Commercial Units For Sale
- Medway Waterfront Location
- Restaurant, Retail or Leisure Premies
- Neighbours include Tesco, Premier Inn, Subway and Dominos
LONG LEASEHOLD COMMERCIAL UNITS FOR SALE. MEDWAY WATERFRONT LOCATION. RESTAURANT/RETAIL OR LEISURE PREMISES. NEIGHBOURS INCLUDE TESCOS, PREMIER INN, SUBWAY AND DOMINOS.
Full Description - FOR SALE
£400,000 - £1.8M
TENURE
Leasehold, new 999 Year lease to be created.
SERVICE CHARGES
Average service charge per unit £1.45/sqft (whole portfolio). Further details available on request.
LOCATION DESCRIPTION
Victory Pier in Medway forms Berkley Homes new flagship mixed use Kent development, situated just north of the A289 Pier Road which links to The Medway Tunnel, The Wainscott Bypass and The A2/M2 motorway. Gillingham Train Station lies 1 mile to the south, linking to the high-speed London St Pancras and Charing Cross lines.
A contemporary collection of apartments, positioned on the waterfront of a flourishing and expanding community. The mixed residential and retail scheme is conveniently connected to Central London and capitalises on the Medway Renaissance. A plan to connect five surrounding towns and turn the area into a premier European city. Victory Pier offers an exciting opportunity for investors and commercial occupiers who desire the best of both worlds.
PROPERTY DESCRIPTION
An opportunity to acquire a waterside commercial investment within the award winning development of Victory Pier, Gillingham. Victory Pier is a vibrant waterside community of 1,947 residential and student dwellings complemented by a comprehensive provision of ground floor commercial premises. The commercial offering extends to 17,555 sq ft*, split between 7 units within 3 separate blocks. Currently let to 2 tenants, with the remaining vacant units offering significant asset management potential. Current passing rent of £46,988 per annum, with an estimated total rental income of £166,405 per annum. Offered on a 999 year long leasehold basis.
The whole portfolio is available for purchase at £1.8m this represents a potential NIY of 8.79%. Offers will be considered for individual lots at the below pricing.
Lot 1-The Boathouse: £760,000.
Lot 2- Peninsula Quay: £730,000.
Lot 3-The Horizon: £400,000.
All units benefit from new flexible commercial Use Class E (Commercial, Business and Service) covering retail, financial & professional services, cafes & restaurants, offices, healthcare & day care centres, creche & nurseries, and gyms. Exception being unit 10 which benefits from a D1 Creche/Nursery/Community Use. All units other than Unit 2a and 3 will be handed over in a shell and core condition. It may be possible to amalgamate or subdivide the units in Peninsula Quay.
Full Description - FOR SALE
£400,000 - £1.8M
TENURE
Leasehold, new 999 Year lease to be created.
SERVICE CHARGES
Average service charge per unit £1.45/sqft (whole portfolio). Further details available on request.
LOCATION DESCRIPTION
Victory Pier in Medway forms Berkley Homes new flagship mixed use Kent development, situated just north of the A289 Pier Road which links to The Medway Tunnel, The Wainscott Bypass and The A2/M2 motorway. Gillingham Train Station lies 1 mile to the south, linking to the high-speed London St Pancras and Charing Cross lines.
A contemporary collection of apartments, positioned on the waterfront of a flourishing and expanding community. The mixed residential and retail scheme is conveniently connected to Central London and capitalises on the Medway Renaissance. A plan to connect five surrounding towns and turn the area into a premier European city. Victory Pier offers an exciting opportunity for investors and commercial occupiers who desire the best of both worlds.
PROPERTY DESCRIPTION
An opportunity to acquire a waterside commercial investment within the award winning development of Victory Pier, Gillingham. Victory Pier is a vibrant waterside community of 1,947 residential and student dwellings complemented by a comprehensive provision of ground floor commercial premises. The commercial offering extends to 17,555 sq ft*, split between 7 units within 3 separate blocks. Currently let to 2 tenants, with the remaining vacant units offering significant asset management potential. Current passing rent of £46,988 per annum, with an estimated total rental income of £166,405 per annum. Offered on a 999 year long leasehold basis.
The whole portfolio is available for purchase at £1.8m this represents a potential NIY of 8.79%. Offers will be considered for individual lots at the below pricing.
Lot 1-The Boathouse: £760,000.
Lot 2- Peninsula Quay: £730,000.
Lot 3-The Horizon: £400,000.
All units benefit from new flexible commercial Use Class E (Commercial, Business and Service) covering retail, financial & professional services, cafes & restaurants, offices, healthcare & day care centres, creche & nurseries, and gyms. Exception being unit 10 which benefits from a D1 Creche/Nursery/Community Use. All units other than Unit 2a and 3 will be handed over in a shell and core condition. It may be possible to amalgamate or subdivide the units in Peninsula Quay.
Property information from this agent
About this agent
Established since 1851 we are an independent, multi-awarding wining estate agent located in North West Kent. We cover residential sales, residential lettings and management, commercial sales and commercial lettings and management in Kent and South London. We are a friendly, NAEA qualified, hard-working team with a wealth of local and up to date market knowledge and we endeavour to provide our clients with a highly professional service. Our transparent service includes No Sale/No Let = No Fee, 100% accompanied viewings, dedicated sales progressor, dedicated lettings property manager and daily rent payments to Landlords. Michael Alan Sears MNAEA MARLA MNAEA (Comm) MNAVA HIDip NDea, Managing Director, says: 'We pride ourselves in being 100% professional in all that we do and I define professionalism as putting our clients' interests before our own'. SEALEYS WALKER JARVIS - PROFESSIONALISM COMES AS STANDARD!