Potential development subject to obtaining any necessary consents
Description:
Burnside Mews is located behind a parade of shops in London Road the main A269 close to its junction with King Offa Way the main A259 South Coast Road.
The site comprises a series of industrial units and workshops mainly used in connection with the motor trade including MOT testing facility, body shop, repair & servicing workshop as well as car valeting and a small private gym, It is offered for sale subject to the current tenancies. It is considered there is potential to redevelop the site to create either a new commercial scheme or a mixed site, subject to obtaining any necessary consents.
Unit 2 and yard 2a – overall 288.0 sq m (3091 sq ft) let under the terms of The Law Society Business Lease from June 2014 to May 2016 at a rent of £16,570pa
Unit 3 – overall 125.0 sq m (1344 sq ft) let under the terms of The Law Society Business Lease from August 2017 to August 2022 at a rent of £6,930pa
Unit 4 – overall 207.6 sq m (2233 sq ft) let under the terms of The Law Society Business Lease from April 2015 to April 2018 at a rent of £8,000pa
Unit 5 – overall 215.4 sq m (2321 sq ft) let under the terms of The Law Society Business Lease from May 2008 to May 2018 at a rent of £9,500pa
Unit 6 – overall 24.8 sq m (266 sq ft) let under the terms of The Law Society Business Lease from October 2020 to October 2023 at a rent of £3,600pa
Unit 6a first floor – overall 54.7 sq m (590 sq ft) let under the terms of The Law Society Business Lease from October 2020 to October 2021 at a rent of £4,500pa
Unit 6b – not inspected. Let under the terms of The Law Society Business Lease from May 2021 to May 2024 at a rent of £3,600pa
Income currently £52,700pa. It is considered there is scope to increase rents at review and expiry raising the current passing rent considerably.
Agreements can be made available to seriously interested parties.
Offered for sale subject to the above lettings. Offers sought in the region of £1M
Based on the postcode, Ofcom indicate that the fastest available broadband speed is:
Download80Mb/s
Upload20Mb/s
Note: This information is given as a guide only and without liability. Speeds are not guaranteed. The provision of a Broadband connection is not included in any property unless specifically stated. Applicants should verify available speeds with their chosen supplier.
