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Ford Ln 1,702 sq ft Industrial Unit Offered at £215,000 in Ford BN18 0UZ
INVESTMENT HIGHLIGHTS
- Ford Lane Business Park is a high quality well known industrial and warehouse scheme of approximately 21 units built some 25 years ago
- 5 parking spaces with this unit
- Price represents a gross yield of approximately 7% and a capital value of £126 per sqft approximately.
- Let to Southern Housing with D&B of 3A4 and tangible net worth of over £8m
- Well located just south of A27 south coast trunk road near Arundel
EXECUTIVE SUMMARY
Ford is a village and civil parish in the Arun District of West Sussex, approximately 2 miles South of Arundel and 1.5 miles West of Littlehampton. Conveniently located between the A259 to the south and the A27 south coast road to the north, it easily connects to Brighton, Gatwick Airport and London via the A23/M23/M25 and Portsmouth, Southampton and the A3 via the M27. Ford also has the benefit of a mainline railway station, with direct services available along the coast and up to London. Ford Lane Business Park is accessed from Ford Lane with the unit position in the east part of the estate.
PROPERTY FACTS
| Total Property Size | 12,075 sq ft | Typical Floor Size | 6,038 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1993 |
| Property Subtype | Warehouse | Total Plot Size | 0.41 ac |
| Costar Property Class | B | Parking Allocation | 1.73/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 12,075 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 6,038 sq ft |
| Year Built | 1993 |
| Total Plot Size | 0.41 ac |
| Parking Allocation | 1.73/1,000 sq ft |
AMENITIES
- Security System
- Reception
UTILITIES
- Lighting - Fluorescent
- Heating
1 UNIT AVAILABLE
Unit 13
| Unit Size | 1,702 sq ft | Sale Type | Investment |
| Price | £215,000 | Tenure | Freehold |
| Price Per sq ft | £126.32 | Net Initial Yield | 6.98% |
| Unit Use | Industrial | NOI | £15,000 |
| Unit Size | 1,702 sq ft |
| Price | £215,000 |
| Price Per sq ft | £126.32 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.98% |
| NOI | £15,000 |
DESCRIPTION
This well-presented industrial unit offers a practical and efficient combination of warehouse, storage, and office accommodation, making it well-suited to a variety of light industrial and commercial occupiers. The property benefits from a clear-span unit with an eaves height to haunch of approximately 4.26m, accessed via a full-height up-and-over shutter door. Internally, the unit is fitted with a painted concrete floor and is served by a gas blower heater and three-phase power. To the rear of the ground floor is a functional office area, along with a fitted kitchen and two WC facilities (one of which is a tenant's improvement), providing essential welfare accommodation in support of operational requirements.
At mezzanine level, the unit offers high-quality, open-plan office space with modern lighting and air conditioning, benefiting from excellent levels of natural light through large windows with attractive green views, contributing to a pleasant working environment. Externally, the unit has the advantage of five dedicated car parking spaces situated to the front of the premises with one to the side, with good access for vans and deliveries. The property is likely to appeal to both owner-occupiers and investors, presenting a sound long term investment opportunity within a well-managed commercial estate.
SALE NOTES
The property is let to Southern Housing (registered society under the Co-operative and Community Benefit Societies Act 2014 (registered Number 8983) have circa 2,000 employees and were started in 1901. See www.southernhousing.org.uk.
Southern Housing have a Dunn & Bradstreet rating of 3A4 and a tangible net worth of £8.15m.
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Ford Ln
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