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Plot 5b Terminus Rd 19,742 sq ft 100% Let Industrial Property Chichester PO19 8DW £1,600,000 (£81.05/sq ft) 8.68% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Established Industrial Location
  • Easy Access from A27 Trunk Road
  • Flood Risk Zone 1 (low probability)

EXECUTIVE SUMMARY

The property is set back from Terminus Road but has its own access entrance and the site can be secured. The building comprises a modern warehouse facility on the Terminus Road Industrial Estate built in the year 2001, originally to be occupied wholly by Becktech Ltd but designed to
have flexibility to be split and which now comprises two independent units.
Unit 1 has a total GIA of 12,105 sq ft (1,125 sq m), ignoring a small mezzanine in the south-western corner of the warehouse. The warehouse element totals 7,355 sq ft (683.27 sq m) of ground floor footprint. The purpose built office element to the side is two storey and comprises a total of 4,750 sq ft over two floors.
Unit 2 has total GIA of 7,637 sq ft (710 sq m) being a ground floor footprint of 4,400 sq ft (409 sq m) and a Landlords mezzanine floor of 3,237 sq ft (300 sq m) which comprises storage and offices. The unit also benefits from a yard area to the front of the building for parking and loading.
Both units have dedicated parking (total 39 spaces) loading and lorry parking
Minimum 6.5m (21ft) eaves height (9.42 m/31 ft. at apex)
Mixture of open plan and individual offices to Unit 1
Secure yard
Total site area of 0.382 hectares (0.95 acres)
All mains utilities including Three Phase Electricity Supply

PROPERTY FACTS Sale Pending

Price £1,600,000
Price per sq ft £81.05
Sale Type Investment
Yield 8.68%
Tenure Long Leasehold
Property Type Industrial
Property Subtype Warehouse
Costar Property Class B
Total Plot Size 0.94 ac
Net Internal Area (NIA) 19,742 sq ft
No. Floors 2
Year Built 2003
Parking Allocation 1.98/1,000 sq ft
Eaves Height 21 ft (6.40 m)
No. Dock-High Doors/Loading 2

AMENITIES

  • Fenced Lot
  • Yard
  • Roller Shutters
  • Listing ID: 28683851

  • Date on Market: 07/06/2023

  • Last Updated:

  • Address: Terminus Rd, Chichester PO19 8DW

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