Tenants include Sussex Print Limited and Prop Studios Limited
Established industrial area
On-site car park for approximately 25 cars
Nearby occupiers include Big Box Storage, RMV Motors, Expofreight Logistics Management and J Davies Building Limited
Approximate site area of 0.28 hectares (0.7 acres)
Six Week Completion Period Available
Lot 70
Auction 18th October 2011
Rent £51,874 per Annum Exclusive
Status Sold
Price £425,000
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers, Edward Symmons
Property Information
Location
Miles
10 miles north of Brighton, 16 miles south of Crawley, 44 miles south of London
Roads
B2112, B2113, A273, A23
Rail
Burgess Hill Railway Station , (46 minutes to London Victoria)
Air
London Gatwick
Situation
The property is situated within Ditchling Common Industrial Estate approximately 1.5 miles east of Burgess Hill. Nearby occupiers include Big Box Storage, RMV Motors, Expofreight Logistics Management and J Davies Building Limited.
Tenure
Freehold.
Location
Miles
10 miles north of Brighton, 16 miles south of Crawley, 44 miles south of London
Roads
B2112, B2113, A273, A23
Rail
Burgess Hill Railway Station , (46 minutes to London Victoria)
Air
London Gatwick
Situation
The property is situated within Ditchling Common Industrial Estate approximately 1.5 miles east of Burgess Hill. Nearby occupiers include Big Box Storage, RMV Motors, Expofreight Logistics Management and J Davies Building Limited.
Tenure
Freehold.
Description
The property comprises three self-contained light industrial units on ground floor with an additional three self-contained units on first floor. All units are accessed at ground floor level due to a split level site. The property also benefits from on-site car parking for approximately 25 cars and an approximate site area of 0.28 hectares (0.7 acres).
Note:
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises three self-contained light industrial units on ground floor with an additional three self-contained units on first floor. All units are accessed at ground floor level due to a split level site. The property also benefits from on-site car parking for approximately 25 cars and an approximate site area of 0.28 hectares (0.7 acres).
Note:
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
7
Ground
Industrial
464.88 sq m
(5,004 sq ft)
PROP STUDIOS LIMITED (1)
5 years from 18/02/2011 until 17/02/2016 (2)
£13,298
18/02/2012 (3)
8
Ground
Industrial
240.25 sq m
(2,586 sq ft)
VACANT POSSESSION
9
Ground
Industrial
378.86 sq m
(4,078 sq ft)
INDIVIDUALS (t/a J & P Print & Packaging Services) (4)
5 years from 03/06/2011 until 02/06/2016 (5)
£14,000
10
Lower Ground
Industrial
470.46 sq m
(5,064 sq ft)
VACANT POSSESSION
11
Lower Ground
Industrial
271.27 sq m
(2,920 sq ft)
SUSSEX PRINT LIMITED (6)
3 years from 27/11/2006 until 26/11/2009 (7)
£11,972
12
Lower Ground
Industrial
340.39 sq m
(3,664 sq ft)
INDIVIDUALS (t/a Rockett St George) (8)
5 years from 04/05/2011 until 03/05/2016 (9)
£12,604
Totals
2,166 sq m
(23,316 sq ft)
£51,874
(1) Launched in 1979, Prop Studios is a multi-award-winning company whose skills range from design, manufacture and installation of bespoke displays and shop-fit interiors, to event planning, management and prop hire. (Source: www.propstudios.co.uk 19/09/2011) (2) There is a tenant's only option to determine the lease on 18th August 2013 on giving no less than 6 months' notice. (3) There is a fixed rental increase to £17,931 p.a.x. on 18th February 2012. (4) Established for over 17 years, J & P Print & Packaging Services have been providing customers from all over the UK with top quality packaging services, developing a solid reputation in the process. (Source: www.ukpackagingservices.com 19/09/2011) (5) There is a annual mutual option to determine the lease on each anniversary of the term. (6) Sussex Print provides cost effective, high quality, fast turnaround, on-demand print to the South-East. (Source: www.sussexprint.com 19/09/2011) (7) A new lease is currently in negotiation. (8) Rockett St George offer unique homeware and accessories and stylish gifts. (Source: www.rockettstgeorge.co.uk 19/09/2011) (9) There is a tenant only option to break on 4th May 2013 on giving no less than 6 months' notice.
