hitchcock & king, stanwell road, ashford, surrey tw15 3dx - Wilkinson ...

RETAIL WAREHOUSE INVESTMENT SALEINVESTMENT SUMMARY• Well situated, close to Heathrow Airport and the M3, M25and M4 motorways.• Prominent and accessible site, situated close to Ashford towncentre and railway station.• Only retail warehouse in the town, therefore limited retailwarehousing competition.• The property totals 32,178 sq ft on a large site area of over2.6 acres with car parking for 157 vehicles.• Let to 2A1 D&B rated covenant of Hitchcock & King with along unexpired lease term of over 24 years at a rent of£530,000 p.a (£16.47 per sq ft).• Long term potential redevelopment for foodstore use,subject to planning.• We are instructed to seek offers for the freehold interest inthe above property of £7,420,000 subject to contract andexclusive of VAT. This reflects an attractive net initialyield of 6.75%, based on purchaser’s costs of 5.80%.