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Warehouse Unit with Large Yard, 371 Bexhill Road, st Leonards, TN38 8AJ

5,167 Sq Ft / Industrial / Warehouse

For Sale - £650,000.00

Available - Last updated: 27 March 2024

The premises comprise a warehouse, adjoining some flats which are in separate freehold ownership, together with a large yard which is full of containers.
 
Potential Self Storage Business Opportunity.

Location

Situated on the main A259 Coast road being approximately 2.5 miles from Bexhill town centre in the west and Hastings in the east. The premises are approached via a private drive right behind other properties facing Bexhill Road. Travelling from the west along Bexhill Road Bridge Way is a turning on the right with a branch of Setyres on the left. The private drive is immediately next on the right. Yeomans Peugeot is a few yards further east.

Accommodation

Personal door to:
 
Entrance lobby - Stairs & corridors to flats. Door to:
 
Main warehouse Inner lobby - Pedestal hand basin with electric water heater over. Doors to:
 
2 cloakrooms - Each with low level w.c.s.
 
Storage area 1 - 36’3” x 27’6” (11.0m x 8.4m); 997 sq ft (92.6 sq m)
Height to underside of beam - 11’9” (3.6m)
Height to apex - 20’6” (6.2m)
Strip lights. Archway to:
 
Storage area 2 - 35’9” x 19’9” (10.9m x 6.0m); 706 sq ft (65.6 sq m)
 
Office 1 - 8’ x 14’6” (2.4m x 4.4m); 116 sq ft (10.8 sq m) - Strip lights + carpet.
 
Office 2 - 8’ x 10’6” (2.4m x 3.2m); 84 sq ft (7.8 sq m)
 
Kitchen - 10’ x 8’ (3.0m x 2.4m); 80 sq ft (7.4 sq m) - Sink unit with cupboards under, worktop + space for fridge.
 
From Storage area 2, staircase to:
 
Mezzanine
 
Overall - 27’6” x 36’ (8.4m x 11.0m); 990 sq ft (92.0 sq m)
 
From Storage area 2, large archway to:
 
Storage area 3 - 27’3” x 80’6” (8.3m x 24.5m); 2,194 sq ft (203.8 sq m)
Height to underside of beam - 12’ (3.7m)
Height to apex - 21’ (6.4m)
Within this area is a loading bay, 9’3” x 13’ (2.8m x 4.0m) with roller shutter door to yard 11’6” [w] x 13’ [h] (3.5m x 4.0m).
 
Summary of Areas
Storage areas 1, 2 & 3 - 3,897 sq ft (362.0 sq m)
2 offices + kitchen - 280 sq ft (26.0 sq m)
Mezzanine floor - 990 sq ft (92.0 sq m)
Total Overall Area - 5,167 sq ft (480.0 sq m)
 
Outside - There is a large, L-shaped yard of approx. 13,275 sq ft (1,233.2 sq m) which is gravelled and provided good parking and loading access. Currently there are a large number of containers and one Portakabin workshop. Outside the main yard is a further car parking area in front of the seven flats with 1 space allocated per flat. The driveway leads from the yard to Bexhill Road. There is a small timber shed included in the title.
 
We are informed that the owners of the flats are required to contribute to maintenance of the driveway from the flats to Bexhill Road.

Terms

Offers in the region of £650,000 for the freehold interest. This is to include, if required, the containers which are owned. Ten 20’ containers are currently rented at £10 per week each on a non-contractual basis and could easily be returned if not required.
 
N.b. The premises lend themselves well for a self-storage facility. The main warehouse building could be divided up into a number of self-contained storage bays and there is the ability to let the various containers separately.
 
PLANNING - Under Application No. HS/FA/99/00381 consent for change of use from car sales, service & repairs to storage and distribution of furniture was granted in August 1998. Operating hours under this permission are 8am to 7pm, Monday to Friday, 8am to 5pm on Saturday. No Sundays or Bank Holidays without prior approval.
 
RATES - Local Authority: Hastings. SBR (22/23): 49.9p
Rateable value Current: £20,750. April 2023: £24,500
 
VAT - Under the Finance Act 1989 VAT may be chargeable on the price. It is recommended that a prospective purchaser should make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.
 
SERVICES - The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.
 
EPC - The Vendor has been advised that an energy performance certificate may be required.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £650,000.00 NA

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Chris Lawson

Lawson Commercial

01825 480 288



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