TypeIndustrial Investments · Development - Residential · General Industrial units

BN15 Unit 1a & 1b, Cecil Road, Lancing

TenureFor sale

Unit 1a & 1b, Cecil Road, Lancing, BN151/6

Specification

Building size
Building size4,400sqft
Property type
Property typeIndustrial Investments · Development - Residential · General Industrial units
Tenure
TenureFor sale

Description

This commercial site has been used for many years as a mix of workshop and storage uses primarily relating to the motor trade. The vacant rear unit (1a) comprises a ground floor workshop centre with first floor storage & WC facilities, together with a large secure yard.

The front unit (1b but also known as Unit 2) is a former Bakehouse but is currently used for storage purposes and is let on the terms shown overleaf. Each have their own electricity & water supplies and are responsible for their own business rates. Both units are accessed via a shared tarmac driveway with off road parking.

The use of the main building and yard is not affected by the occupation of Unit1b.

The site has the potential for redevelopment for either residential or commercial units, subject to necessary consents. Alternatively, the purchaser has the option to keep the current lease in place and maintain and improve the investment return or alternatively obtain vacant possession to facilitate occupation for another occupier, their own company or redevelopment.

Part let & producing £9,600pa

Vacant possession available on 3 months notice

Potential to occupy or redevelop for residential or commercial uses (STP)

Potential for alternative commercial occupiers

Location

The site is in Lancing, a popular coastal town with a population of approximately 20,000. Lying 3 miles from Worthing & 7 miles from Brighton, Lancing benefits from good coastal road links via the A259 & A27, a mainline railway link and regular bus services to the local area. Cecil Road is just off the seafront and can be accessed from Penhill Road or South Street.

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