Location
Mile Town Industrial Park is situated on Grace Road, Sheerness, within the jurisdiction of Swale, approximately 7 miles to the north of Sittingbourne, 15.5 miles to the north-east of Maidstone, 17.8 miles to the north-west of Canterbury and 38.5 miles to the east of London. The area has good road communications, located approximately 8.3 miles to the north-east of J5 of the M2.
The property is approximately 655 metres south-west of Sheerness-on-Sea railway station. Sheerness-on-Sea railway station connects to Canterbury with a travel time of approximately 1 hour 15 mins and London with a travel time of approximately 1 hour 21 mins.
Description
The site area extends to 0.959 acres (0.388 hectares) or thereabouts, and comprises 8 secure units, which are let to individual Tenants. In addition there is a substantial yard area comprising unit forecourts for tenant and visitor parking, as well as a large area to the south of the park, currently let as open storage to one of the current unit Tenants, which may provide an opportunity for further future development of units and income, subject to obtaining planning consent.
The units are comprised within three buildings on the site, which benefit from one secure access to the southern boundary of the site, off Grace Road.
The total rent for the site is currently £98,845.20 per annum.
Accommodation
The approximate gross internal floor areas for the site extend to approximately 1400m² (15,070ft²).
Purchase Price
£1,595,000 for the freehold interest.
In accordance with HMRC Anti Money Laundering Legislation, a successful purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Method of Sale
The property is offered for sale by private treaty as a whole. The right is reserved to take the property to auction or tender at a later date.
Areas
The areas provided are for guidance only and are given without responsibility. Any intending purchaser(s) should not rely upon them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the areas.
Rateable Value
We have made internet enquiries only of the Valuation Office and the following appear in the current Rating List: -
Unit 1 - £9,700.00
Unit 2 - £9,700.00
Unit 3 - £12,500.00
Unit 4 - £11,250.00
Unit 5 - £11,250.00
Unit 6 - £11,250.00
Unit 7 - £11,000.00
Unit 8 - £11,000.00
EPCs
The weighted average EPC is 59 - C.
Fencing and Boundaries
The purchaser(s) must satisfy themselves on the location of the boundaries from the Land Registry plans and the Vendor's deed plans (where available).
Rights and Easements
The property is sold subject to and with the benefit of all rights including rights of way, whether public or private, light, support, drainage and electricity supply and other rights and obligations, easements, quasi easements and restrictive covenants and all existing and proposed wayleaves, masts, pylons, stays, cables, drains, water, gas and other pipes.
Plans
The plans and boundary notes provided by George Webb Finn are for identification purposes only and the purchaser(s) should satisfy themselves on the location of external or internal boundaries prior to exchange of contracts.
Local Authority
Swale Borough Council – Telephone 01795 417850
Kent County Council – Telephone 03000 414141
Arrange a Viewing
Prospective purchasers must make an appointment to view the Property with George Webb Finn.
To arrange a viewing or if you have any questions please email chris@georgewebbfinn.com, or telephone 01795 470556.
Photographs
The photographs included in these particulars were taken in March 2025.
VAT
We understand the property is VAT elected, however, it is anticipated that the sale will be treated as a Transfer Of a Going Concern (TOGC).
Legal Costs
Each party to bear their own legal costs.
