The premises comprise a self-contained, mid terrace, refurbished industrial warehouse unit of steel portal frame construction with brick and block elevations and a corrugated asbestos sheet roof covering. Externally, there is allocated car parking and ample loading bay provisions. Internally, the accommodation provides ground floor factory area with ground floor offices, kitchen, male and female WCs. At first floor level there are two further offices with windows overlooking the car park providing good natural light.
Accommodation
The premises offer ground floor factory/warehouse with ground floor welfare facilities, offices and enclosed staircase leading to the first floor offices. The offices are positioned at the front of the unit with excellent natural light, westerly facing towards the South Downs.
| Area | Sq M | Sq Ft |
| Ground Floor | 284.28 | 3,060 |
| (of which an office) | (23.69) | (255) |
| First Floor Office | 24.25 | 261 |
| Total | 308.53 | 3,321 |
Fully Let & Income Producing Industrial Investment on Established Industrial Estate - Offer sought in Excess of £270,000 for the Long Leasehold Subject to the Existing Lease Producing a Net Yield of 7%
The premises are situated on the established Highfield Industrial Estate on the outskirts of Eastbourne close to the A22/A27 bypass and Hampden Park mainline railway station. The estate is on the corner of Willingdon Drive & Lottbridge Drove and has excellent access to the A22 and A27, which provides access across the country and beyond. Eastbourne is approximately 21 miles east of Brighton and 18 miles west of Hastings.
According to the Valuation office website the premises are described as follows:
Warehouse and Premises
Rateable Value £23,000
Each party to be responsible for their own Legal Fees
Guide Price
Offer sought in excess of £270,000 for the long leasehold subject to the existing lease producing a net yield of 7%
Existing Lease
The premises are let to Merlin Link Ltd on a lease dated February 2016 for a term of 15 years, expiry February 2031, subject to 3 yearly upward only rent reviews and a tenant break clause in feb 2026. NB the 2021 break clause was not exercised. The current rent is £19,500 with a estimated rental value of c£30,000.
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