Property Information
Address:
Lakeside Wharf, The Hollow, Newhaven, East Sussex
, BN9 0HP
, East Sussex
, United Kingdom
Price: Buy: POA
Size: 10552 sq ft980 sqm
Primary Category: Industrial
All Categories:
Investment, Industrial,
Property Ref/Movehut: MH686139
Property Ref/Agent: 10070
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 10, 2024
Property description
An industrial/warehouse/trade counter comprising a two storey office building and adjoining warehouse section totalling approximately 10,553 sq ft with a large enclosed yard of approximately 0.79 acres/34,000 sq ft situated to the south of the buildings. Total site area is approximately 1.31 acres.
There is a small office content comprised mainly of partitioned offices with a boardroom, kitchen and WC facilities at first floor. The ground floor is used as a trade counter. The warehouse section opens directly onto the yard with an additional loading door at the front. There is a weighbridge to the east of the property (not tested).
Highly Reversionary freehold trade counter well located close to the A26.
Large secure yard at rear.
Parking at front for 12 cars.
Total site area is circa 1.31 acres.
Multi-let, producing £105,875 pa.
Used as a "Hub Centre" for Builders Merchants and store for Idverde Ltd.
OIEO £1,175,000 reflecting a net initial yield of 8.5%.
Potential reversionary yield over 12%.
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