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  5. Ashford, Kent
  6. New Town, Ashford

Ashford Thirty-Four, Ashford

Warehouse for sale in New Town, Ashford, Ashford

£5,790,000 / 34,100 sq ft

by Montagu Evans LLP
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Highlights

Features

Full address
Ashford Thirty-Four, Monument Way, Ashford TN24 0HB – New Town, Ashford
Asking price
£5,790,000
Links
Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available. This measures 34,100 sq ft.

Sale unit Available

Unit
Sale unit
Size
34,100 sq ft
Price
£5,790,000
Price per sq ft
£169.79
  • The full planning application was received by Ashford Borough Council on 23rd November 2020 under the reference 20/01594/AS.
  • The description of the industrial development on the planning application has been detailed as follows: ‘Erection of a building for Class E (industrial), B2 general industrial and B8 storage including landscaping, two access points, car parking and associated works.
  • The development programme is expected to last approximately 40 weeks with practical completion planned for Q1 2022..
  • Take-up levels in the South East industrial and logistics market reached record breaking levels in 2020 whilst supply continued to be a major restriction.
  • The logistics market in particular remained robust with take-up totalling just under 43 million sq ft, representing a 69% increase from the previous year.
  • Requirements by occupiers also reached record levels in 2020 with an impressive peak of over 110 million sq ft of documented enquiries in Q4 2020..
  • Planning permission was secured by Salmon Harvester Properties in Q2 2019 for a 43,000 sq ft trade scheme comprising of 15 units of varying sizes to the east of Orbital Park.
  • This comes after Tavis Park, a similar trade scheme in Ashford comprising of 18 trade units ranging from 1,164-2,659 sq ft, was completed in Q3 2018. The Department of Transport is currently building a 1.2 million sq ft facility to the south east of Orbital Park which will be operational as a customs clearance centre for freight vehicles travelling from the port of Dover and Folkestone.
  • Occupiers supporting the Government’s operations will inevitably bolster demand in Ashford.
  • There is a limited volume of industrial stock that would be in direct competition with Ashford Thirty-Four.
  • The majority of the vacant units are of a secondary nature and out of the total up and built accommodation, there are no individual self contained units available within the 20,000-50,000 sq ft range.
  • There are immediate requirements from occupiers searching for industrial and warehouse facilities between 20,000-50,000 sq ft in Kent.
  • The occupiers are principally looking for good accessibility to the M20 and consider the connectivity attributes of Orbital Park a considerable pull factor.
  • With constrained supply and consistently high levels of demand, rental growth prospects are positive throughout the South East industrial market, with MSCI predicting average growth of 2.50-3.00% pa over the next 5 years.
  • Ashford is one of Kent’s most established towns with a population of approximately 130,000. The town has experienced rapid urban growth recently which compliments the area’s designation as a core business district within the wider area.
  • Over 14% of Ashford’s population is employed within the logistics and manufacturing sector which is comfortably above the average for the South East.
  • The town benefits from an extensive road network with Junctions 9 and 10/10A of the M20 located to the north and south east of Ashford Town Centre.
  • The recent development of Junction 10A was a major infrastructure project which became fully operational in December 2019. The motorway provides further direct access to the M2, M25 and M26. Maidstone is accessible within 35 minutes and Dartford (inside the M25) within 50 minutes via the M20. Canterbury is easily reached in 30 minutes via the A28..
  • Ashford International train station offers direct services into three of London’s principal stations: St Pancras International, Victoria and Charing Cross.
  • The service to St Pancras International is the shortest and most frequent, running 7 days a week with a journey time of under 40 minutes.
  • Gatwick and London City Airport are located circa 58 miles from Ashford.
  • Gatwick Airport serves more destinations than any other UK airport to a total of 230 locations across 70 countries.
  • Folkestone is located at the southern end of the M20 motorway, 14 miles from Ashford.
  • The Channel Tunnel’s shuttle service from Folkestone acts as one of the most significant arteries for the movement of freight in the UK.
  • The service is critical for UK exports and imports as it allows HGV’s access into France via Calais and onto further European destinations.
  • The property is located within Orbital Business Park – one of the principal out of town commercial destinations for businesses in Ashford.
  • The property is positioned to the west of the Park and benefits from two vehicular access points on Monument Way to the south and The Long Barrow to the west.
  • Both of these roads connect to The Boulevard, the primary road within the Park.
  • The A2070 is located less than half a mile to the south east of the property, accessed via The Boulevard.
  • Junction 10/10A of the M20 is 1.5 miles east of the property which allows access to the wider Kent region and Central London.
  • Ashford Town centre is located 2 miles north of the property.
  • The surrounding estate is characterised by a mixture of larger distribution facilities, trade units and offices which are occupied by a range of companies from multinational occupiers to local businesses.
  • Nationally renowned occupiers within the immediate park include Howdens, Toolstation, Screwfix, Wickes and Maruwa Europe.
  • The site is directly adjacent to a Mercedes-Benz car dealership to the east whilst a large warehouse occupied by Menzies Distribution is located to the north.
Sale conditions Redevelopment Project
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for Ashford Thirty-Four, Ashford

The property is located within Orbital Business Park – one of the principal out of town commercial destinations for businesses in Ashford. The property is positioned to the west of the Park and benefits from two vehicular access points on Monument Way to the south and The Long Barrow to the west. Both of these roads connect to The Boulevard, the primary road within the Park.

The A2070 is located less than half a mile to the south east of the property, accessed via The Boulevard. Junction 10/10A of the M20 is 1.5 miles east of the property which allows access to the wider Kent region and Central London. Ashford Town centre is located 2 miles north of the property.

The surrounding estate is characterised by a mixture of larger distribution facilities, trade units and offices which are occupied by a range of companies from multinational occupiers to local businesses. Nationally renowned occupiers within the immediate park include Howdens, Toolstation, Screwfix, Wickes and Maruwa Europe.

The site is directly adjacent to a Mercedes-Benz car dealership to the east whilst a large warehouse occupied by Menzies Distribution is located to the north.

Building subtype
Warehouse
Number of storeys
2
Ceiling height
32ft 8"
Total building area
34,100 sq ft
Rentable building area
34,100 sq ft
Lot size
2.32 acres
Year built
2022

Map & nearby

Ashford Thirty-Four, Ashford

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Montagu Evans LLP

  • Chris Kerrison
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Montagu Evans LLP. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Montagu Evans LLP for full details and further information. 12071835