Log In/Sign up
Your email has been sent.
Units H & J Church Farm Ln 12,379 sq ft 100% Let Industrial Property East Wittering PO20 8RL £1,485,000 (£119.96/sq ft) 7.56% Net Initial Yield
INVESTMENT HIGHLIGHTS
- East Wittering situated eight miles southwest of Chichester
- Estate roads and common parts form part of the ownership
- Hilton Park Industrial Estate is the main estate in the Witterings
EXECUTIVE SUMMARY
We have been instructed to market the property for the freehold interest at a guide price of £1,485,000 subject to contract and the tenancies below.
Unit H is currently let to Hectic (Europe) Limited, until 31 July 2026, at a rent of £62,000 per annum exclusive. The tenant has a rolling break after 01 December 2025.
Unit J has been recently let to Seven Sussex Ltd at a rent of £50,250 pax for a term from 4th April 2025 expiring 3rd April 2035 on a FRI lease with a rolling tenant only break from the 5th anniversary onwards subject to six months notice. There is a rent review on an upwards only basis to open market at the 5th anniversary of the lease being 4th April 2030. The lease has protection under the 1954 Landlord and Tenant Act.
Therefore the total passing rent is £112,250 per annum exclusive. A purchase at this level would reflect a NIY of 7.1% or £120 psf capital overall.
Unit H is currently let to Hectic (Europe) Limited, until 31 July 2026, at a rent of £62,000 per annum exclusive. The tenant has a rolling break after 01 December 2025.
Unit J has been recently let to Seven Sussex Ltd at a rent of £50,250 pax for a term from 4th April 2025 expiring 3rd April 2035 on a FRI lease with a rolling tenant only break from the 5th anniversary onwards subject to six months notice. There is a rent review on an upwards only basis to open market at the 5th anniversary of the lease being 4th April 2030. The lease has protection under the 1954 Landlord and Tenant Act.
Therefore the total passing rent is £112,250 per annum exclusive. A purchase at this level would reflect a NIY of 7.1% or £120 psf capital overall.
PROPERTY FACTS
| Price | £1,485,000 | Costar Property Class | B |
| Price per sq ft | £119.96 | Total Plot Size | 0.52 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 12,379 sq ft |
| Yield | 7.56% | No. Floors | 2 |
| Tenure | Freehold | Year Built | 1995 |
| Property Type | Industrial | Eaves Height | 19 ft 8 in (5.99 m) |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 1 |
| Price | £1,485,000 |
| Price per sq ft | £119.96 |
| Sale Type | Investment |
| Yield | 7.56% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Costar Property Class | B |
| Total Plot Size | 0.52 ac |
| Net Internal Area (NIA) | 12,379 sq ft |
| No. Floors | 2 |
| Year Built | 1995 |
| Eaves Height | 19 ft 8 in (5.99 m) |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- EPC - C
- Roller Shutters
1 1
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Units H & J | Church Farm Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.