Industrial Freehold Opportunity, Unit 1 & 41 Harwood Road Industrial Estate, Littlehampton, BN17 7AU

Sale and leaseback comprises of 5 (soon to be 6) industrial warehouse units situated at the front of the popular Harwood Road industrial estate.
In 2019, the main building was extensively refurbished and re-clad in order to comply with current building regulations. Further refurbishment works are planned for 2022, to include re-roofing certain units.
On completion the site will be fully let to Inpress Plastics Limited on a 10 year FRI lease. The lease is subject to upward-only rent reviews (subject to terms). The headline rent is £375,000 pa (£8.54 per sq ft).
The tenants, Inpress Plastics Limited, commenced trading in 1998 and are involved in the production and distribution of plastic products. They have a Dun & Bradstreet Rating 1A as of 01/12/2021. The turnover for the year to the end of November 2021 is £5.67 million. This is a 57% increase on 2020. The company are on course to turnover £6.1 million by the end of December 2021.

Location

Littlehampton lies beneath the beautiful South Downs on the coast and is a town in West Sussex with a population of in excess of 26,000 and a catchment area of 150,000. Harwood Road is an established industrial estate situated off the A282 Arundel Road which in turn links to the A259 south coast road and further north to the A27 trunk road.