Units 2 & 3 Harbour Way Industrial Estate

Shoreham-by-Sea, BN43 5HG

Property Type Investment
Availability For Sale
Size 18887 sqft
Energy Performance Rating N/A

South East Industrial Investment


LOCATION

Shoreham-by-Sea is a seaside town and port located on the south coast some 4 miles to the east of Worthing and 6 miles west of Brighton. The town is situated at the junction of the A283 and the A27, which runs along the south coast connecting Eastbourne to Portsmouth. The Harbour Way Industrial Estate is situated on Shoreham Beach on the southern side of Shoreham Harbour, approximately midway along Harbour Way. Access to the A259 Coast Road is approximately 1.5 miles to the west whilst Shoreham town centre, Shoreham Airport and the A27 south coast trunk road are all within a few minutes drive. Shoreham-by-Sea Railway Station lies some 3 miles north of the property and provides regular services to Brighton (15 mins) and London Victoria (1 hr 25 mins). Brighton City airport is approximately 2.2 miles to the west.

KEY POINTS

  • Multi let to two tenants south-east industrial investment opportunity
  • Established industrial location with no vacancies on the estate
  • Both units have an excellent eaves height of 19’6”
  • Producing a total annual income of £102,000 pa
  • Total Floor area 18,887 sq ft (1,754.60 sq m)
  • Offers in excess of £1,479,000
  • A purchase at this level would reflect a Net Initial Yield of 6.5%
Harbour Way Industrial Estate is a small estate of four units. The premises form part of a terrace of 3 similar modern units and unit 1 is not included in the Freehold title. They are each arranged on ground and first floor with external car parking (approximately 5 car parking spaces per unit). Both units have an eaves height of 19’6”, accessed via roller shutter doors and a loading area. Unit 2 the middle unit of the terrace is 8,650 sq ft (803.58 sq m) comprising a ground floor warehouse and office area with stores and W/C at the front of the unit. There are three offices on the first floor. Not included in the area is a mezzanine floor of 4,323 sq ft (401.60 sq m). Unit 3 the end of the terrace is 10,237 sq ft (951.02 sq m) arranged as a ground floor warehouse with offices and W/C to the rear of the unit. The first floor provides open plan and partitioned offices. The other occupiers on the estate are Sussex Refrigeration Wholesale Ltd and Firetoys.

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