Unit 18 Beeching Park Industrial Estate, Wainwright Road, Bexhill, TN39 3LG

£240,000
For Sale

Size 2,288 sq. ft

Size 212 sq. m

Area Bexhill

If you prefer to speak to someone:

Call us on: 01323 700100 or 01424 404004

Call us on: 01323 700100 or 01424 404004

Overview

The property is a mid terrace commercial industrial unit formed over the ground floor. The building is finished externally with metal cladding to the walls and roof, with several clear roof lights. The building has a full height metal sliding warehouse door and a separate metal entrance door.

Internally the building is formed of steel frame, with block work to the internal perimeter and a concrete floor. There are two w.c's formed of block work, each with a w.c, sink and timber doors. There is a further office formed of metal framing and a timber door.

The property benefits from water, gas and electricity. The property also benefits from the use of two parking spaces in the communal car park.

Accommodation
Area Sq ft Sq m
Ground floor sales 2,288 212.55

Price

Long Leasehold for sale with a guide price of £240,000

The long leasehold is for 125 years less 3 days from 5th November 1981. The Freeholder is to receive 10% of the rack rent (currently £1,650 per annum)

Location

Unit 18 Beeching Park Industrial Estate, Wainwright Road, Bexhill, TN39 3LG

The premises are located on an established industrial area of Beeching Road Industrial Estate, where there are a number of both local and national operators. Bexhill town centre is within a short level walk, with its mainline railway station servicing Eastbourne, Brighton and Ashford International.

Business Rates

According to the Valuation Office website the premises are described as “Warehouse and premises”, with a Rateable Value of £11,250.

VAT Details

VAT will be charged on the terms quoted.

Terms

Tenancy

The occupational lease expires 24th September 2024. The passing rent is £17,500 per annum. This steps up to £18,000 per annum and £18,500 per annum in September 2021 and September 2023 respectively. The lease is outside Section 24-28 of the L&T 1954 Act.

The tenant is Angal Collecting Boxes & Devices Ltd (Company Number 02425471). They manufacture charity collection boxes. The company was incorporated on 22nd September 1989.

Get in touch

Speak to our commercial property team

Eastbourne: 01323 700100 • Hastings: 01424 404004 • Hove: 01273 634000

Eastbourne: 01323 700100
Hastings: 01424 404004
Hove: 01273 634000