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FOR SALE

Crowhurst Road,
Brighton,
East Sussex,
BN1 8AS

Industrial and Warehouse

1.5 Acres (0.61 Hectares)

Features

  • Site of approx 1.5 developable acres plus access roads
  • Existing buildings of approximately 60,000 sq ft
  • Planning consent obtained to develop a B8 unit, Builders merchant and trade counter unit with substantial yard
  • To Let / May sell
  • Interest invited from occupiers

Location

Brighton & Hove is one of the largest commercial districts on the south coast of
England. The city is located 46 miles south of London, 19 miles west of Eastbourne
and 55 miles east of Southampton.

The property is situated to the north of Brighton in the Hollingbury area. There are excellent road communications. The A27 is accessed 500m from the property, with the A23 (accessed 1.5 miles to the west) connecting the city with Crawley, Gatwick and London to the north which in turn connects with the M25 at Junction 7. The A27 dual carriageway provides a good link along the coast to Eastbourne and Hastings in the east and Portsmouth and Southampton to the west.

The Hollingbury district includes a mix of retail, office and industrial occupiers.

Description

1.5 Acre Commercial Development Site Close to A27
To Let / May Sell

Accommodation

The property comprises the southern half of the former Newsquest (The Argus) site together with the access roads from Crowhurst Road.

The front half of the site is currently being redeveloped by Harwoods to provide a new state of the art Jaguar Land Rover dealership. (See CGI opposite.)

There are existing buildings on site comprising approximately 60,000 sq ft and described further below.

Planning consent has been obtained (BH2017/01280) to redevelop the site to a builders merchant, trade counter unit and B8 unit. Further info below.

Suitable for:

Retention and sale / letting of existing buildings

Development of the consented scheme on the basis of pre-sales / pre-lets

Development of an alternative scheme bespoke for occupiers

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT

Legal Fees

Each party to bear their own legal costs incurred.

Terms

Our client holds the entire site (to include the Harwoods dealership under construction) on a 150 year lease from 15 March 2016.

The ground rent is £52,500 pa (50% of which is recovered from
Harwoods) and subject to 5 yearly upward only reviews.

The Harwoods site is sold on a sub-lease for a similar term to the head lease and with a 50% apportionment (£26,250) of the head lease ground rent. The sub-lease contains rent reviews simultaneous with the head lease suitable for:

Retention and sale / letting of existing buildings
Development of the consented scheme on the basis of pre-sales / pre-lets
Development of an alternative scheme bespoke for occupiers

Energy Performance Rating

D

Key Contacts

Contact Photo

Andrew Halfacree

01273 740385

Contact Photo

Alex Roberts

01273 740386