Summary - Units 1 & 2, Covert Road, CT3 3EQ CT3 3EQ
1 bed 1 bath Light Industrial
Secure income plus substantial yard with clear redevelopment potential.
Fully let producing £115,299 per annum
Two concrete-frame warehouses totalling c.9,600 sq ft
Unit 1 includes just under one acre of secured yard
Historic consent for 3 extra warehouse bays (subject to consents)
Leases 5 years from 2025; tenant break and 2028 rent reviews
Leases outside 1954 Act; short-term re-let and income risk
Not elected for VAT; EPC rating Band D for both units
Area very deprived with above-average crime; tenure unknown
Located on Aylesham Industrial Estate, Units 1 & 2 offer immediate rental income and clear development upside. The two concrete-frame warehouses total approximately 9,600 sq ft (c.4,800 sq ft each) with roller shutters, 4.5m minimum eaves and three-phase power—suitable for warehousing, light manufacturing or logistics. Unit 1 benefits from a substantial yard of just under one acre; Unit 2 has a smaller paved forecourt. Both yards are secured by steel perimeter fencing and metal gates.
The site is fully let producing £115,299 pa to two specialist occupiers on five-year leases that began March/April 2025. Leases are outside the 1954 Landlord & Tenant Act, include tenant-only break options and rent reviews in 2028—providing current cashflow but some short-term re-let risk. The property is not elected for VAT and both units hold EPC Band D certificates.
There is historic planning consent for three additional single-bay warehouses on the adjoining yard to Unit 1; any new development would be subject to usual planning and statutory consents. Practical positives include excellent road links to the A2/M2, fast broadband and good mobile signal—useful for distribution to Canterbury, Dover and London. Material considerations include short lease lengths with tenant break options, the unknown tenure, above-average local crime, and a very deprived surrounding area, which may affect re-letting or asset repositioning timelines.
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