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Charles Avenue, Burgess Hill, Burgess Hill, RH15 9UF
59,953 Sq Ft / Industrial
Withdrawn - Last updated: 16 December 2024
The property is well located in an established commercial
area surrounded by retail and leisure uses (Tesco, Porsche,
Premier Inn, B&Q and Pets at Home) with excellent
transport links to the A23 and M23.
The property comprises a high specification warehouse
benefitting from ancillary two storey offices totalling circa
59,953 sq ft
Very low site cover of 35%
The property is held part freehold and part long leasehold
at an annual rent of £73,500 p.a. subject to upwards and
downward rent reviews, the next review being outstanding
from 1st October 2011 – there is an opportunity to
reduce the head rent to market levels, subject to a floor of
£60,000 p.a.
The property is let jointly to B/E Aerospace (UK) Ltd and
B/E Aerospace Consumables Management II Ltd on a new
10 year term commencing 4th January 2013 without break
at an annual rent of £390,000 p.a. (£6.50 per sq ft)
B/E Aerospace is a significant global company with
revenues of $2.5bn – the two UK companies form an
integral part of the
Location
Charles Avenue, Burgess Hill, Burgess Hill , RH15 9UF, Sussex, South East
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