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Industrial development for sale

Unit 4 Diplocks Way, Hailsham, BN27 3JF

Offers in Region of
£650,000

£91.64 per sq ft

Business rates & charges may apply

Graves Jenkins, Crawley
SIZE AVAILABLE

7,093 sq ft

659 sq m

SECTOR

Industrial development for sale

Key features

  • Rare freehold industrial investment
  • Reversionary rent
  • Stable income

Description

The property comprises a purpose built mid terraced industrial/warehouse unit with front yard/car park. The ground floor is open plan with a minimum eaves height of 6.23m and a full height roller shutter. A structural front first floor section provides staff room/canteen accommodation and a more recent mezzanine addition provides storage space and an office. Cloakrooms are fitted to both ground and first floors. The same tenant occupies Unit 3 and is therefore interconnected; should they vacate either, it is the tenants responsibility to self-contain.

The subject property is centrally located on the Diplocks Way Industrial Estate to the western side of Hailsham. The Estate is the primary industrial/warehouse/commercial area within the town and lies to the south west of the Hailsham retail town centre. Diplocks Way runs north west to the A22 Hailsham bypass (1km) and south east to the A295.

Hailsham is a market town located within East Sussex. It lies east of the A22 which runs south to Polegate and the A27 (5kms distant) with the largest town in the area, Eastbourne, located a further 11.5kms to the south. The A22 also runs north west to East Grinstead.

On street parking is available on Diplocks Way; bus routes also serve the Estate. Rail connections are available at Polegate with services towards Eastbourne/Hastings to the south/east, Lewes/Brighton to the west and north towards London (Victoria).

There is a full, repairing and insuring lease with Unibloc Hygienic Technologies UK Ltd in place. The 12 year lease is due to expire on 17 October 2035, contracted within the security of tenure provisions of the Landlord & Tenant Act 1954, with 4 yearly market rent reviews and a tenant only break clause upon the anniversary of the 6th year of the term (18 October 2029), subject to 12 months prior written notice. The passing rent is £50,000 per annum, which reflects a low passing rent of circa £8.00 per sq ft, applied to the ground and original first floor (6,263 sq ft). The permitted use is for light industry, warehouse and ancillary offices within Class E and B8 of the Use Class Order 2020.

A copy of the existing lease available upon request.

Graves Jenkins has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.

The proposed tenant will be required to satisfy all Anti Money Laundering requirements when Heads of Terms are agreed.

Brochures

Unit 4 Diplocks Way, Hailsham, BN27 3JF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Polegate Station2.8 miles
  • Berwick Station3.9 miles
  • Pevensey & Westham Station4.6 miles

About Graves Jenkins, Crawley

5 Gleneagles Court, Brighton Road, Crawley, RH10 6AD

Graves Jenkins is an established, leading and independent property consultancy with offices based in Brighton and Crawley, from which we comprehensively cover Sussex, Surrey and the South East region. We provide both commercial and residential estate agency, asset and property management and a range of valuation and property services.

Notes

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