MODERN BUSINESS UNITS WITH FORECOURT PARKING - REDUCED PRICE/RENT!
The property comprises three interconnected units of concrete frame and brick construction under a sheeted roof. The accommodation which extends to 7,663 sq ft (711.9 sq m) is arranged over ground and mezzanine floors. NB: The mezzanine floor covers the entire footprint of the building and as such, those seeking full floor to ceiling warehousing height would need to undertake building works to reinstate. The current floor configuration would ideally suit a retail showroom / trade counter use.
Location
The Riverside Industrial Estate is a well-established, multi-occupied business park comprising 60 individual light industrial/ warehouse units of varying sizes. The estate is adjacent to the junction of Bridge Road and Littlehampton By-Pass (A259 coast road) and is approximately mid-way between Bognor (8 miles to the west) and Worthing (8 miles to the east) via the A259. The estate is in close proximity to the South Coast trunk road, via the A289 Arundel Road.
Accommodation
Ground Floor 3,902 sq ft (362.5 sq m)
Mezzanine Floor 3,761 sq ft (349.4 sq m)
Total Accommodation 7,663 sq ft (711.9 sq m)
Terms
LONG LEASEHOLD INTEREST The units are held on two 999-year leases at a ground rent of £100 per annum, per interest (total £200).
GUIDE PRICE £525,000 £450,000
RENT £50,000 £35,000 per annum exclusive, payable quarterly in-advance.
ANNUAL ESTATE SERVICE CHARGE We understand there is a small estate service charge payable for the upkeep of the estate.
BUSINESS RATES (2019/2020 FINANCIAL YEAR) The current Rateable Value advertised by www.gov.uk is £57,500. The Uniform Business Rate for the 2019/20 is XXX in the £, making the Rates Payable £28,232.50. Interested parties are advised to contact Arun District Council Business Rates Department on 01903 713372 to verify these figures.
PLANNING We understand the property falls within a mixed B1(c) Light Industrial and B8 Storage and Distribution Use Class, as defined by the Town and Country Planning (Use Classes) Order 1987 (as amended). However, we have been advised that the property has been used as a bathroom/kitchen showroom in excess of 10 years and subject to the agreement of Arun District Council, use as a retail showroom could be formalised through an application for a Certificate of Lawfulness.
Specification
• 3 phase power supply
• Roller shutter loading door
• Good on-site parking
• Integral offices
• Potential to sub-divide.
• Gas fired heating
• Ladies & gents WCs
• Kitchen