POSSIBLE FUTURE REDEVELOPMENT
A rectangular site which lends itself to future demolition and erection of say 6 semi-detached houses or blocks of flats.
The site has approximately 35m frontage to Foredown Drive and a site depth of 30m approximately.
Interested parties to satisfy themselves on planning potential and all measurements.
TOTAL CURRENT RENT
Currently producing £63,000pa
Location
Situated at the South end of Foredown Drive, a pleasant residential area close to the junction with the Old Shoreham Road (A27) and being within 50m of Victoria Park. Portlsade mainline railway station is within a few minutes walk, as is the comprehensive shopping thoroughfare of Boundary / Station Road.
Accommodation
2-4 FOREDOWN DRIVE
Workshop - 242 sq.m.
Workshop 2 - 59 sq.m.
6-8 FOREDOWN DRIVE
Workshop - 319 sq.m.
Plant Room - 13 sq.m. (all rounded)
Terms
LEASE TERM DETAILS
2-4 Foredown Drive; Let to Brighton Sign Company Ltd @ £35,000pa
6-8 Foredown Drive; Let to Brighton Fire Alarms Ltd @ £28,000pa
Both tenants have been in occupation since at least 2008 and both new leases effected for a term of 15 years from 1 August 2022.
Review dates in both leases are 1 August 2024 and then 5 yearly thereafter.
Specification
2 Adjoining light industrial units with parking to front forecourt.
Future potential for redevelopment to residential housing, subject to necessary consents.
Of interest to investors / developers.
RATEABLE VALUES
2-4 Foredown Drive - £34,250
6-8 Foredown Drive - £27,250