Plot 5B, Terminus Road, Chichester, West Sussex, PO19
£89.40 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
19,742 sq ft
1,834 sq m
- SECTOR
Commercial property for sale
Key features
- Opportunity to acquire a well-located South Coast multi let logistics/ industrial investment - Located on the principal Industrial Estate in Chichester
- Flood Risk Zone 1 (low probability)
- The property was newly developed in approximately 2000 and is let to 2 companies
- Total floor area of 19,742 sq ft (1,834 sqm) on a site of 0.95 acres (45%) with 39 parking spaces
- Unit 1 is let to BECKTECH LIMITED who have D&B rating of 1A 3 and are on a 10 year FRI lease expiring 28.09.2032 at a passing rent of £100,000 pax (£8.26 psf overall)
- Unit 2 is let to PRO-ACTIVE BUSINESS INFORMATION LIMITED who have a D&B rating of A2 and are on a 15 year FRI lease expiring 20.11.2029 at a passing rent of £34,000 pax (£4.45 psf overall)
- Long Leasehold Interest expiring 25.12.2150 (over 127 years unexpired)
- Total Gross Income £134,000 per annum (ground rent payable £9,100) with Net Receivable Rent being £124,900 pax
- Average Weighted Unexpired Lease Term (AWULT) of 8.2 years to expiry (7 years to lease expiry or break)
- Price reduced to £1,765,000, which reflects a net initial yield on the net income of 6.66% which we believe to be reversionary to 7.8% and which represents a Capital Value of £89 psf
Description
Brochures
Plot 5B, Terminus Road, Chichester, West Sussex, PO19
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chichester Station0.3 miles
- Fishbourne Station1.2 miles
- Bosham Station2.6 miles
About Flude Property Consultants, Chichester
1 Old Market Avenue, Chichester, West Sussex, PO19 1SP
Flude Property Consultants is a regional independent firm of Chartered Surveyors regulated by the Royal Institution of Chartered Surveyors (RICS) who specialise in advising clients with commercial property interests.
Our main areas of expertise are commercial property agency, lease advisory (rent reviews, lease renewals and lease re-gears), property management, valuation, rating, investment and development property.
We are a commercially minded practice who understand the needs and
Industry affiliations
Notes
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