The property comprises of a ground and first floor light industrial / office building which forms part of a 1.5 acre site situated on the Lancing Business Park. The property, which is linked to several other warehouses internally is of traditional brick construction under a flat roof and is accessed via a variety of ways (3x roller shutters or main office reception).
The ground floor warehouses benefit from electric roller shutter doors (9'7" x 11'1"), concrete flooring, 15ft floor to ceiling height, LED lighting, three phase electricity and ample power sockets scattered throughout the unit.
The offices are accessed via pedestrian front door leading to a small reception area with stairs to first floor level and are currently undergoing refurbishment by the Tenant to include new carpeting, re-decoration, perimeter trunking with ample data / power and double glazed windows. We are verbally informed the property has its own electric and water connections.
Externally the property further benefits from allocated parking to the front for approximately 10 vehicles. The entire site is secured by palisade fencing and gates.
Location
Unit 5, 64 Marlborough Road is situated at the southern end of the business park, close to the estate entrance off Western Road.
Lancing Business Park is situated approximately 3 miles from the popular seaside town of Worthing (east) and 10 miles from the city of Brighton (west).
The estate has superb transport links to surrounding areas which are via the A259 coast road and the A27 trunk road. Lancing railway station with its regular services along the south coast and north to London (journey time of 1 hour and 20 minutes) is half a mile walk from the estate.
The business park which is one of the most popular in Sussex, forms part of a Business Improvement District (BID) and accommodates a wide range of industrial, technology and office businesses including Paula Rosa Manhatten, Bidvest, Equiniti, SIG, Adur & Worthing Councils, SouthLink, Sussex Transport and VOSA.
Accommodation
The property has the following approximate floor areas:
Ground Floor
Warehouse One - 817 sq ft
Warehouse Two - 2,124 sq ft
Re-Grind Room - 298 sq ft
Reception - 250 sqft
First Floor
Kitchen - 49 sq ft
Boardroom - 177 sq ft
Storage - 108 sq ft
Sales Office - 133 sq ft
Spare Office - 122 sq ft
Auction House Office - 1,273 sq ft
Purchasing - 127 sq ft
Technical - 350 sq ft
TOTAL AREA - 5,828 sq ft
Terms
Terms - The property is available freehold, subject to the below mentioned Tenancy.
Tenancy - The property is let to WSM Industries Limited for a term of 6 years from 1st July 2025. The current passing rent is £53,000 per annum exclusive. The Tenant has a right to break the Lease on 30th June 2028. Upward only market rent review on 1st July 2028. The Lease is subject to a Photographic Schedule of Condition. A full copy of the Lease is available to interested parties upon request.
WSM Industries are a global tool maker and plastic injection moulder with vast experience across product design, prototyping, tool making, injection moulding and post moulding services. For more information on the company please visit https://wsm-ind.com/
Guide Price & VAT - £650,000 (Six Hundred & Fifty Thousand Pounds)
VAT is not to be charged on the quoting terms
Business Rates - According to the VOA (Valuation Office Agency) the property has a rateable value of £34,750.
Legal Costs - Each party to pay their own legal costs
EPC - E(107)
Anti-Money Laundering - In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
Specification
- Situated on Popular Lancing Business Park in Lancing, West Sussex
- Situated Close To A259 & A27 Roads. Short Walk To Lancing Railway Station
- Superb & Rare Investment Opportunity
- Let on New 6 Year Lease To Global Toolmakers WSM Industries Limited at £53,000 Per Annum
- Net Initial Yield of 7.75%
- On-Site Car Parking
- Potential For Long Term Conversion / Re-Development (stpc)
- Viewing Highly Recommended