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#Business ID: 12460

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Freehold Site With Huge Potential In West Sussex

Business Location: West Sussex, England

Asking Price: £ 2,000,000 Revenue: not disclosed Cash Flow: not disclosed

Business Summary

We understand that the property was originally constructed as a chicken farm around 1955. The usage was changed for light industrial use at a date unknown and it has operated in that capacity for an indeterminate period but certainly since 1994 when the current owner acquired the property. There are 16 units and 9 compounds from which a wide range of businesses operate. All the tenants have a license to occupy but no secure renewable tenure is provided. Notice to vacate varies according to the agreement reached with each individual tenant but none have a notice period exceeding 3 months.

We are advised that the site is designated as B1 and B3 under the Town & Country Planning Act Use Classes Order 2005.

PLANNING AUTHORITY

This site comes within the planning authority of Mid-Sussex District Council.

TRANSPORT LINKS

The site is located within 2 miles of the A23 and close to Burgess Hill, Hassocks, Hurstpierpoint and Hayward’s Heath.

The following railway stations are in close proximity to the site and all provide good services to the destinations shown:

Burgess Hill Distance from site 2.1 miles

Rail journey times from Burgess Hill:
To London Victoria 55 minutes to 1 hour
To Gatwick 15 minutes
To Brighton 15 minutes

Hassocks Distance from site 3.1 miles

Rail journey times from Hassocks:
To London Victoria 55 minutes to 1 hour
To Gatwick 15 minutes
To Brighton 11 minutes

Haywards Heath Distance from site 4 miles

Rail journey times from Haywards Heath:
To London Victoria 45 -55 minutes
To Gatwick 13 – 15 minutes
To Brighton 20 minutes

Property Details

Years Established:

1955

Property Type:

Real

Other Business Details

Business Location:

This industrial estate is set in a largely rural location to the rear of two large detached private residences in a small village in West Sussex. It is set back and well hidden from the public highway at the end of its own access road which measures approximately 110 metres. The estate covers an area of approximately 3.5 acres overlooking countryside with views to the South Downs.

Expansion Potential:

DEVELOPMENT POTENTIAL The buildings on this site are in need of modernisation and redevelopment would be required to bring them up to modern standards. We believe that obtaining consent to redevelop this site for its current designated use should not present a problem to the planning authority. However because it is situated within a rural area in a quiet road which is largely residential there is also potential to obtain planning permission for residential development purposes. This sale does not include the benefit of any approved redevelopment planning proposals. Prospective Purchasers that are considering developing this site will need to fully investigate the planning issues for themselves.

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