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£1,400,000

Lockgate Road, Sidlesham, Chichester, PO20

  • 0 beds
Other

£1,400,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£6,391 per month

Minimum deposit amount:

£70,000
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Investment Opportunity An excellent investment opportunity, Walnut Farm Science Park is located approximately 4.6 miles south of Chichester City Centre. The property comprises a substantial light industrial unit, car showroom, workshop, and office space, with existing tenancies generating income from full repairing and insuring (FRI) leases. Full tenancy details are available to prospective purchasers upon request. We have assumed that all the tenancies are outside the Landlord & Tenant Act 1954 (sections 24-28). DESCRIPTION: Units 1A, 2 & 3 � Size: Approximately 5,081 sq. ft. This primary unit is accessed from Lockgate Road and includes: � Workshop 1A: Ground-floor workshop with mezzanine storage. � Car Wash: Attached to the car showroom. � Workshops 2 & 3: Additional car showroom or light industrial space. � Offices: Includes two office spaces. � Kitchen and WCs: Ancillary facilities (two WCs). The unit benefits from a large gravel parking area at the front, currently used for vehicle storage. It is let to Targa Florio Cars on a full repairing and insuring lease. Unit 1B � Size: Approximately 871.2 sq. ft. This secondary workshop, also accessed from Lockgate Road includes: � Ground-Floor Workshop with mezzanine storage. The workshop is let on a full repairing and insuring lease. Unit 4 � Features: Includes a detached carport, storage area, and a large parking area. This detached office building, accessed from Boxham Lane via an independent driveway, is let on an FRI lease. Planning Permissions � Units 1A, 2 & 3: Approved for storage, retail, and car preparation. � Unit 1B: Approved for offices and light industrial use. � Unit 4: Approved for office use. Buyers are advised to verify planning permissions and use classes with the local authority. LOCATION: Walnut Farm Science Park is situated approximately 4.6 miles south of Chichester city centre, benefiting from excellent transport links to Worthing and Brighton to the east on the A27 and Portsmouth and Southampton to the west via the A27 connecting to the A3(M), M27, and M3 motorways. This strategic location supports accessibility for tenants and visitors. EPC RATINGS Unit 1A Walnut Farm Science Park: Band C Unit 1B Walnut Farm Science Park: Band D Unit 2 Walnut Farm Science Park: Band D Unit 3 Walnut Farm Science Park: Band D Units 4-5 Walnut Farm Science Park: Band D INFORMATION � Full tenancy details, including rental income and lease terms, are available upon request. � The property represents a secure, income-generating investment with established tenants. � Viewings are strictly by appointment only. For further information or to arrange a viewing, please contact Stride & Son, Chichester, on 01243 782 626.

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£81,250
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£999
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