Freehold Investment For Sale
27-29 North Road is located within Lancing town centre on the junction of Penstone Park and North Road. North Road provides the town's principal retailing part and is occupied by local independents, national banks and retailers including W H Smith, Barclays and Pizza Hut. The property is well situated in the centre of North Road and within 175 yards of Lancingâs Asda Superstore. Lancing Train Station is located 400 ft to the south and provides a direct service to Brighton. The A27 located under a mile distant to the north provides access to Brighton and Worthing.
The property consists of a three storey building situated within a main retailing parade. The ground floor accommodation is occupied by Boots UK Limited and comprises a retail area with ancillary office, storage space and a staff room. The property has a small return frontage onto Penstone Park and there is also side access providing loading facilities. The residential accommodation is located over and comprises four flats held off long leaseholds which benefit from separate rear access.Accommodation
The property has the following net internal floor areas:-
| Ground Floor | | |
| Retail Area | 2,562 sq.ft. | (238 sq.m.) |
| Stock Room | 1,591 sq.ft. | (148 sq.m.) |
| Ancillary Staff & Offices | 481 sq.ft. | (45 sq.m.) |
| Total Area | 4,634 sq.ft. | (430 sq.m.) |
First and Second Floors - Four self contained residential flats sold off on long leasehold interests.Tenure
Freehold subject to existing leasehold interests.Income
The property as a whole produces a rental income of £32,760 per annum exclusive.Business Rates
Ground Floor - £18,600 per annum approx
Freehold/ Leasehold Opportunity
The property is situated within Southwater on the Northern side of Horsham, West Sussex. Access to the site is provided from the A24 and situated 0.9 miles from the main junction towards Worthing Road.
The property comprises four industrial buildings of steel portal frame construction built over a number of years to facility a manufacturing plant with ancillary storage. The main building has two storey offices and externally there is parking for 118 cars which is accessed via a gatehouse and separate from the loading areas. The North Building also has two storey offices to the front elevation. The site totals 4.6 acres and is fully fenced and secured on all boundaries.
The current land use of B1(c) could be re-provided within the existing property without the course of planning permission and is therefore low risk Other opportunities for B classes to operate from the site is subject to planning permission and considered positive on account of their employing generating use. This could include B8 (Storage and Distribution).
Description Sq Ft Sq M Main Building 72,505 6,735.93 Warehouse 1 5,195 482.63 Warehouse 2 7,957 739.23 North Building 11,453 1,064.02
Measuredin GIA metrics.