To Let / For Sale
Unit 1A & Unit 1B,
Oakwood Business Park,
Oakwood,
Chichester,
West Sussex,
PO18 9AL
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Offices, Industrial and Warehouse
5,919 Sq Ft (549.88 Sq M)
- Rare freehold opportunity
- High quality accommodation ready for an occupier to move into
- Excellent rural location to north of Chichester but with quick access into the city
- Eaves of 4.67m - 6.96m offering scope to further extend mezzanine (stnc)
- LED lighting, A/C, perimeter trunking and meeting rooms within the offices (Recently refurbished)
- Underfloor heating in the warehouse (untested)
- On site parking + two secure yards - approx 5,000 sq ft
- New FRI lease/leases available
- Minimal capex required
- Secured gated estate
Location
Chichester is an attractive cathedral city, and the county town of West Sussex. It is conveniently located along the A27 south coast trunk road, and lies approximately 15 miles to the east of Portsmouth and 30 miles west of Brighton. A mainline railway service to London reinforces commerce.
Oakwood Business Park is set in a picturesque semi-rural location, situated off the B2178, with Chichester's amenities and the A27 both approximately 2.5 miles from the property.
Fishbourne mainline railway station is appoximately 1.5 miles away, offering services across the South Coast and on to London.
Description
The property comprises of modern warehouse and attractive, refurbished office accommodation within a secured gated estate. Constructed in the mid 2000s, the property is constructed of steel portal frame, under pitched sheeted roof with insulated profile cladding. Internally the two storey offices benefit from carpeting throughout, suspended ceilings with inset LED lighting and air conditioning, oil fired central heating, double glazed windows and perimeter trunking. Glass partitioning could be removed to offer further open plan areas.
The warehouse (photos to follow), is accessed via a large roller shutter door, benefitting from minimum eaves of 4.67m rising to 6.96m at the apex. Further amenities include polished concrete slab flooring, with underfloor oil fired heating, roof hung lighting, translucent roof panels, three phase power and perimeter air lines. A mezzanine floor to the rear offers further storage/workshop space.
There is parking allocated parking on site for a minimum of 11 vehicles and approximately 5,000 sq ft of secure yard space which can serve as further parking or external storage. This yard is currently split into two, though could easily be combined.
Accommodation
We have measured and calculate the premises to have the following approximate Gross Internal Area (GIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor Offices | 1022 | 94.94 |
| First Floor Offices | 1035 | 96.15 |
| Ground Floor Warehouse | 2971 | 276.01 |
| First Floor Mezzanine | 891 | 82.77 |
| Total | 5,919 | 549.87 |
Energy Performance Rating
Unit 1A: E
Unit 1B: E
Planning
We believe that the premises benefit from a Class B1 (Egiii) / B8 use under the Town & Country Planning (Use Classes) Order 1987.
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. It's therefore possible that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
Interested parties should make their own enquiries in regards to the above.
Taxation
The property is current assessed separately, with rateable values as below:
Unit 1a Offices (1st April 2026): £29,750
Unit 1b Warehouse (1st April 2026): £25,500
Occupiers will pay approximately 43% of these rateable values, individually, per annum, but will need to make their own investigations around any reassessment.
Terms
The property is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed OR, separately a sale of the freehold interest will be considered.
Rent: £50,000 per annum exclusive
Guide Price: £600,000 for the freehold interest
Consideration may be given to letting the offices and warehouse elements separately.
The service charge for the whole unit is currently passing at approx £2,700 per annum exclusive. Further info available upon request.
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.
Anti-Money Laundering Regulations 2017
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.