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Vinnetrow Business Park, Vinnetrow Road, Chichester, West Sussex, PO19 1QH

£4,525,000

£142.50 per sq ft

Business rates & charges may apply

Flude Property Consultants, Chichester
SIZE AVAILABLE

31,755 sq ft

2,950 sq m

SECTOR

Commercial property for sale

Key features

  • Freehold multi-let landscaped business park.
  • Attractive South East location in the County of West Sussex.
  • 31,755 sqft / 2950.14 sqm with 105 car parking spaces plus an overflow car park on 5.12 acres.
  • Within the 5.12 acres is land of 1.68 acres with future investment and development potential subject to planning.
  • Diverse tenant line up including the following uses; laboratory, Vets Surgery, day nursery, classic car restoration and offices.
  • 16 tenants with established flexible uses.
  • Income £459,306 per annum
  • Opportunities to refurbish or redevelop vacant Unit 2 and capture reversion through rent reviews, regears and future lease events across the business park.
  • Offers in the region of £4,525,000, subject to contract reflecting a 9.52% net initial yield
  • Capital Value £142 per sq ft / £1538.72 per sq m

Description

The business park is set on a site of 5.12 acres and includes a mixture of self-contained single and two-storey office- buildings (Units 3, 4, 5 & 9) , a modern office courtyard (CY1-5), a children's nursery (Units 6 & 7) and a warehouse building with secure yard (Unit 8). There are 105 designated car parking spaces plus an overflow car park at the rear or eastern side of the site.

At the centre of the site is a vacant storage building, Unit 2 that has potential to be refurbished, repositioned or redeveloped to enhance the character of the business park and increase income.

To the south of the site is a paddock providing 1.68 acres (included in the 5.12 acres) of existing amenity land that has potential for development subject to planning consent.

Brochures

Vinnetrow Business Park, Vinnetrow Road, Chichester, West Sussex, PO19 1QH

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chichester Station0.4 miles
  • Fishbourne Station1.5 miles
  • Bosham Station2.9 miles

About Flude Property Consultants, Chichester

1 Old Market Avenue, Chichester, West Sussex, PO19 1SP
Industry affiliations:Industry affiliation logo 0

Flude Commercial is an 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 pressures of business.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 7970FH. 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 Flude Property Consultants, Chichester. 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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