Winston Business Centre, Lancing, BN15 8TU
|Size||3,767 sq ft|
|Price||£425,000.00 + vat|
|Business Rates||£13,696.00 per sq ft|
|Energy Performance Rating||This property has been graded as D (95)|
Situated on the Lancing Business Park, one of the largest estates in West Sussex, approximately 9 miles west of Brighton & 2 miles east of Worthing.
Good access is afforded to both the A27 east/west trunk road & to the A259 South Coast Road.
The Winston Business Centre is located via an access road off Chartwell Road immediately opposite the Bidfood complex (designated 43 Chartwell Road).
SAT NAV: BN15 8TU
The accommodation comprises of the following
|Name||Sq ft||Sq m||Availability|
|Ground - Production/Warehouse||3,767||349.97||Available|
Located at the end of a terrace, Units 11 & 12 have been combined to form a single self contained warehouse/workshop.
The building is of steel frame construction with block work & aluminium elevations under a pitched roof incorporating rooflights. The unit has a level concrete floor and services including 3 phase power & gas.
Height to eaves is approx 5.8m rising to a full height to roof pitch of apprx 8.2m.
Access is via two loading doors & a personnel door.
Externally, a parking area for 8 vehicles.
An opportunity to purchase a freehold ready let investment on a popular estate with historically good tenant demand.
Price: £425,000 + vat
The current longstanding in-situ tenant, South Link Limited (Co No 02639014) has indicated they would renew their FRI occupational lease for a further 5 years at a commencing rent of £30,000 pax. A purchase at £425,000 would show a Net Initial Yield of approx 7%.
Tenant website link: southlink.co.uk
South Link are a transport and logistics operator offering a variety of services UK wide.
Further details on on the lease and tenant covenant on application.