Offers in region of
£350,000
(£79.55/sq. ft)
Light industrial for saleUnit 1A & 1B, Cecil Road, Lancing, West Sussex BN15
4,400 sq. ft
Just added
Freehold
About this property
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
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.
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.
Mortgage calculator
Monthly repayment
£1,750 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}