PROPERTY & INCOME
EAGLE HOUSE | COMMERCIAL REAL ESTATE | RECURRING RENTAL INCOME | UNENCUMBERED ASSET
PRINCIPAL INVESTMENT PROPERTY Eagle House Stonebridge Road Northfleet, Kent DA11 9BJ United Kingdom Eagle House is the company’s principal UK commercial investment property. It has an approximate current value of £4,500,000 and is held unencumbered, with £nil secured property debt.
Property : Eagle House, Stonebridge Road, Northfleet, Kent DA11 9BJ
Approximate Property Value: £4,500,000
Current Gross Rental Income: £225,000 p.a.
Gross Rental Income Following New Leases: £250,000 p.a.
New Lease Terms 10 years
Secured Property Debt: £Nil
Property Status Unencumbered
TENANT PROFILE
Rental income is supported by a diversified commercial tenant base comprising established national, international and local businesses across the fitness, food and beverage, automotive and retail sectors.
SNAP FITNESS International health and fitness operator
COSTA COFFEE Established UK coffeehouse brand
FORD MOTOR COMPANY Global automotive group
RETAIL / OFF-LICENCE OPERATOR Commercial retail occupier
LONG-TERM LEASE OUTLOOK
The company is progressing new commercial leases expected to complete within the next two months. The new lease arrangements are intended to provide 10-year lease terms and increase gross annual rental income from £225,000 to £250,000, enhancing long-term visibility of recurring rental revenues.
FINANCIAL REPORTING
AUDIT & FINANCIAL REPORTING Kentish Properties Limited maintains formal UK accounting and financial reporting records. The company’s accounts are audited by Leigh Carr Accountants & Auditors. Audited financial statements and supporting accounting information can be provided to banks and financial institutions as required for credit and mortgage assessment purposes.
FINANCIAL STRENGTH
The combination of an approximately £4.5 million unencumbered commercial property asset, £225,000 of current annual gross rental income, established commercial occupiers and forthcoming 10-year lease arrangements provides Kentish Properties Limited with a strong asset-backed financial profile. Following completion of the new leases, annual gross rental income is expected to be £250,000.
SUPPORTING DOCUMENTATION
• Audited company accounts • Companies House corporate records • Evidence of ownership of Eagle House • Commercial leases and tenancy documentation • Rental schedules • Bank statements evidencing rental receipts • Property valuation information, where required
