ME15 Shingle Barn, Smiths Hill, West Farleigh, Maidstone

The property was formally an agricultural building which was granted planning in 2004 and laterally converted to the current business centre around 2011. The site comprises two main buildings which has been split into several smaller units which can be adapted to suit but currently provides 12 separate areas which are let out. The site is primarily warehouse accommodation with some ground and first floor offices with communal facilities and meeting space.

The property is 100% occupied and generates a passing rent of £225,464 per annum (including circa £36,000 pa feed in tariff from the solar panels).

EPC A and A+

Significant Income from Solar Panel Feed In Tariff

Current combined net income is £225,464 per annum

Reflects 6.94% ARY

Potential To Increase Rents

Reversionary Yield of 8.05%

Reflects a low capital value of £157.74 per sq ft

Shingle Barn is located in West Farleigh, a rural village in the borough of Maidstone, within Kent, positioned in the Medway Valley in southeast England. Its setting places it firmly in countryside, but still within the commuter belt of London and the wider southeast. The property is well situated to service many local businesses, being 4.5 miles West of Maidstone providing a delightful setting but still within easy reach of the main road networks.

The property is within 5 minutes drive of the main A26 linking Maidstone to Tonbridge, and within 10 minute drive of the bypass at Seven Mile Lane linking the M26 and Tunbridge Wells. J5 of the M20 motorway is less than 6 miles from the property, connecting to London and the Channel ports.

The closest station is at Waterinbury on the Medway line which runs between Tonbridge and Maidstone and offers services into London Charing Cross, via Tonbridge, in 68 minutes or alternatively London St Pancras International via Strood in 72 minutes.

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