Winston Business Centre, Unit 11-12

Winston Business Centre, Lancing, BN15 8TU

Winston Business Centre, Unit 11-12, Lancing, Investment For Sale - 20200902_112334.jpg
Winston Business Centre, Unit 11-12, Lancing, Investment For Sale - IMG_20201022_113056.jpg
Winston Business Centre, Unit 11-12, Lancing, Investment For Sale - 20200902_112334.jpg
Winston Business Centre, Unit 11-12, Lancing, Investment For Sale - IMG_20201022_113056.jpg
Under Offer
Property Type Investment
Availability For Sale
Size 3,767 sq ft
Price £425,000.00 + vat
Business Rates £13,696.00 per sq ft
Service Charge n/a
Energy Performance Rating This property has been graded as D (95)

Investment Opportunity - Freehold Industrial/Warehouse

Location

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

Key Points

  • Income Producing
  • Net Initial Yield Approx 7.14%
  • Current Tenant Renewing / New 5 Year FRI Term
  • Established Industrial Estate Location
  • 8.2m Height - Warehouse & Production Unit

Available area

The accommodation comprises of the following

NameSq ftSq mAvailability
Ground - Production/Warehouse 3,767 349.97 Available
Total3,767349.97 

Description

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.

Opportunity

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.