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ASHFORD - INVESTMENT/DEVELOPMENT OPPORTUNITY

Freehold £395,000

UNDER OFFER

Frith Business Centre,
Frith Road,
Aldington,
Ashford,
Kent

8,438 Square Feet / 784 Square Metres

This is a rural industrial complex on a site of 2.55 acres comprising three main blocks with some additional workshops/stores. The buildings have been divided into over 20 small workshops/stores and let individually. These have been successfully let over the past 20 years, achieving a high level of occupancy throughout. There is a large concrete hardstanding area on site providing adequate parking for the individual units and good turning areas and access into the site. The site is gated and bordered by established hedges. The site provides a unique opportunity for a potential purchaser (subject to necessary consents) to further develop the site to enhance the existing income stream or to develop part of the site for their own business operations whilst retaining the existing units and benefiting from the ongoing income stream. Block 1 - This is a block and rendered building with pitched corrugated clad roof divided into nine workshop/store units and includes communal toilet facilities plus two further adjoining units, 7A and 7B. Block 2 - This is a building with rough cast rendered elevations beneath a corrugated clad roof. It is divided into five units. Block 3 - Totals 4,392 sq.ft (408m). Suitable for demolition and replacement with a new 7,500 sq.ft. headquarters building or a new terrace of units for investments). Units 4 & 5 - These are detached pre-fabricated concrete garages which are both let. PLANNING AND FUTURE POTENTIAL The site has an established B1 (light industrial) use. It is considered there is potential for the replacement of Block 3 with a new headquarters building of 7,500 sq.ft. or a new terrace comprising 10 units in a mix of 500 and 1,000 sq.ft. units with an estimated rental income of £6.50 per sq.ft. (subject to planning consent). This proposed scheme could potentially provide an additional income of £48,750. Plans are available for inspection. Interested parties must make their own enquiries about the longer term redevelopment potential of the site to the planning authority, Ashford Borough Council.

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