![Aerial.jpg](https://media.onthemarket.com/properties/14249202/1494328527/image-0-1024x1024.jpg)
![Warehouse 2.jpeg](https://media.onthemarket.com/properties/14249202/1494328527/image-1-1024x1024.jpg)
![Warehouse 1.jpeg](https://media.onthemarket.com/properties/14249202/1494328527/image-2-1024x1024.jpg)
Industrial unit for sale
Property description & features
- Tenure: Leasehold
- Rare Opportunity To Purchase Long Leasehold Interest
- Available With Full Vacant Possession
- Suit Owner Occupier or Investor
- Potential To Produce Net Income of Circa £75,000 Per Annum
- Multiple Roller Shutter Doors, High Eaves Height, Minimal But Well Presented Office Content
- Rear Yard & Allocated Parking
- Potential To Break Up Into Two Units If Required
A rare opportunity to purchase a substantial warehouse situated on a plot of approx 0.647 acres on the popular Brighton City Airport in Shoreham, West Sussex. The property is of modern steel portal frame with UPVC double glazed windows throughout. The property benefits from multiple points of entry with the main reception area currently being on the eastern side leading to attractive open plan reception area with views out onto the airfield. The reception area has a small kitchen and WC facilities and leads onto the main open plan warehouse. The main warehouse benefits from 4x roller shutter / up and over doors, concrete flooring, sodium lighting, three phase electricity and superb 20ft eaves height. Beyond the main warehouse is a secondary warehouse which has currently been used more for retail trade with a further roller shutter door. The first floor of the property is used as offices and are split into two sections. The front section provides largely open plan office accommodation that benefits from carpeting, spot lighting, ample data and electrical points with superb views over the airfield. The second section which is located at the rear of the property provides a canteen area with further office accommodation.
Externally, the property benefits from a superb, exclusive yard which is surrounded by low level mesh wire fencing. There is allocated car parking to the southern and eastern entrances.
Location
Located between Brighton (9 miles east) and Worthing (6 miles west), sits Brighton City Airport Business Park. Access to the popular airport is via the main A27 dual carriageway or the A259 South Coast Road. The main A27 road links to the A24, A23(M) and M25. Shoreham town centre is located approximately 1 km to the east. The airport is home to the new Panattoni Park warehouse and logistics scheme which sees over 265,000 sq ft of Grade A space being completed in early 2024. Other occupiers on the business parks include Ricardo Engineering, Northbrook College, Cox Powertrain, Transair Flight Equipment and AIG Insurance.
Terms
The property is available on a long leasehold interest as noted above with vacant possession upon completion.
Head Lease
Our client’s have two long leases on this unit for a term of 125 years from the 27th April 1999 and 1st April 2001 respectively.
There is a ground rent of £27,000 per annum, with 5 yearly rent reviews upward only.
The permitted use within the head lease is for aviation related purposes.
A copy of the head lease can be made available upon request.
Service Charge
A site service charge is payable for the maintenance and upkeep of the common parts of the airport development and for Hanger 4 & 4a currently contribute approx £5,000 per annum towards this. Further details available upon request.
Business Rates
According to the VOA (Valuation Office Agency) the combined Rateable Value for Hanger 4 & 4a is £119,250. Interested parties are asked to verify this information by speaking with the local planning authority.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 193509-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Justice & Co - Worthing.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.