Commercial Property for sale

Marlborough Road, Lancing Business Park, Lancing

Offers in Region of £3,950,000

Property Description

Full description

LOCATION
The property is situated within the well established Lancing Business Park, on the south side of the estate within a secure gated area.

There is excellent access to the main trunk roads the A259 and A27 with
Brighton being located about 30 minutes away and London about 1 hour, Lancing railway station is also only a short walk from the estate.

DESCRIPTION
The Quadrant is a detached two storey office building comprising of 12 x offices suites around an attractive landscaped courtyard with a fountain centre piece, each suite is fitted with Cat 5 networking cabling along with air-conditioning/heating, fire and intruder alarm as well as intercom entrance system to access the units.

The units come fully carpeted, with suspended ceilings and Cat 2 lighting, each suite also has its own
kitchenette unit, ladies, gents and disabled W.C. unit. Ample parking is provided with the offices and
around 10 spaces are allocated to each suite.

The building is currently fully let with an income of £285,861 per annum, with one unit sold off on a longleasehold basis.

PHS are not in occupation and all of their units have now been sub-let to several well established businesses, including The Scouts Association who ocupy two units, Overline Telecoms who occupy three units the NHS who occupy three units and CPM carparks who occupy two units.

The units let to Personnel Hygiene Services Ltd have a rent review due on 10th March 2018.

PRICE
Offers are invited in the region of £3,950,000 for the freehold interest subject to the existing leases in place, a purchase at this level would show a net initial yield of 6.79% after allowing for standard purchase costs.

EPC
EPCS are available for each suite on request for interested parties.

LEGAL COSTS
Each party will be responsible for their own costs involved in the transaction.

VAT
VAT will be applicable, interested parties should make their own enquiries to confirm.


More information from this agent

Nearest stations

  • Lancing (0.6 mi)
  • East Worthing (1.0 mi)
  • Worthing (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parsons Son & Basley, Brighton - Commercial

32 Queens Road, BN1 3YE

01273 274028 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lancing (0.6 mi)
  • East Worthing (1.0 mi)
  • Worthing (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parsons Son & Basley, Brighton - Commercial

32 Queens Road, BN1 3YE

01273 274028 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 27120221. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parsons Son & Basley, Brighton - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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