Checkmate Premises, New Road, Sheerness

The property comprises a complex of single storey industrial units on a partially fenced site of around 0.73 hectares (1.80 acres).
The main building was constructed in the 1950s and has been modernised and extended in the last few years. It has a concrete frame with brick and profile steel sheet elevations and a pitched roof having an insulated composite panelled roof, providing the main factory, assembly and warehouse areas. It has been extended to the rear to create a product testing area with training and staff restroom areas on the mezzanine level above.
There is a single storey office pod in front finished to a good modern standard including double glazed windows, modern lighting and carpet tile flooring.
There are various further single storey buildings constructed adjacent to the main building having steel frames with corrugated steel sheet panelled elevations and roofs, which provide ambient storage and product testing areas.

Location

Sheerness is located at the north of the Isle of Sheppey on the Thames Estuary, located around 10 miles north of Sittingbourne. It has good connections, being around 12 miles from junction 5 of the M2 motorway. The town has a station offering regular services to London Pancras (81 mins).
The Port of Sheerness is one of the largest foreign car importers in the UK and also handles significant fruit and meat produce importation.
New Road is positioned just south of the port and contains a busy industrial area, with nearby occupiers including The Bond Group, Monarch Chemicals, Fabritec Furniture and Thames Reinforcements.

Proposition and Terms

The freehold interest in the property is offered for sale on an unconditional basis subject to the existing tenancy.
We are instructed to seek unconditional offers in excess of £1,100,000. A purchase at this level will provide a potential net initial yield of around 7.05% and a price equivalent to around £45 per square foot.

Please see attached property particulars for full details.