A semi-detached part single/part two storey (plus mezzanine) trade counter/warehouse building of traditonal construction beneath a pitched roof.
The building extends to approximately 834.84 sq m (8,983 sq ft) on a site area of approximately 0.13 hectares (0.32 acres). The building is arranged as two bays with the left hand bay providing a warehouse with mezzanine storage. The right hand bay is arranged as a trade counter unit at ground floor level with an additonal warehouse to the rear and at first floor there is office accommodation and ancillary storages, and WCs. To the front of the site is a forecourt area providing parking for numerous vehicles.
There is a separate large office/showroom at first floor that is totally self contained and is accessed via the front/side, and/or from the rear - there is also a vehicular lift to this floor via the rear.
The property can be accessed as well from Aldrington Avenue, via a driveway, across the rear yard. The owners have a right of way and the use of addidtional parking here - refer to the legal pack.
Location
The popular and affluent seaside town of Hove lies on the south coast of England and forms part of the city of Brighton and Hove lying approximately 13 miles east of Worthing and 54 miles south of Central London. It can be accessed via the A27 trunk road, which links to the A23 (London Road) to the north of the town. The area is served by a number of stations including Hove and Brighton railway stations, which provide regional rail services as well as regular direct services to London Bridge. Additonally numerous bus routes serve the area and London Gatwick Airport lies approximately 28 miles to the north.
Old Shoreham Road forms part of the A270 and runs east from the A27 (Shoreham Bypass) to the north of the town centre. The property forms part of an established trading estate on the south side of the road close to the Goldstone Retail Park, the town's premier retail park. Other notable occupiers on the estate include Aldi and National Windscreens and Aldrington railway station lies on the south side of the estate.
Accommodation
Unit 6 & 7 - Ground floor warehouse/trade counter - 662.27 q m (7,126 sq ft)
Mezzanine storage/office - 91.48 sq m (984 sq ft)
Unit 7a - First floor workshop/warehouse - 81.09 sq m (873 sq ft)
Total - 834.84 sq m (8,983 sq ft
Terms
Tenure - Freehold
Guide Price - £2,250,000
Tenancy:
Unit 6 & 7 - Let to Alliance Automotive UK LV Limited t/a NAPA Auto Parts for a term of 10 years from 04/01/2021 - Rent £153,000
Unit 7a - Vacant
Buyer's Fee - A Buyer's Fee of £3,000 (inclusive of VAT) is applicable to the successful purchaser of this lot. If you have not made the successful bid for the property, the Buyer's Fee will be refunded to you.
Energy Performance Indicator - Rating 60 Band C
Specification
- Freehold trade counter/warehouse investment
- Approximately 834.84 sq m (8,983 sq ft)
- Established trading park
- Close to transport links
- Majority let to Alliance Automotive UK LV Limited until 2031
- AAA covenant
- The tenant has expressed a its desire to remain and commit to a new 10 year lease
- Includes a vacant unit previously let at £40,000 per annum
- Currently producing £153,000 per annum