Brighton Rd - Kingston Wharf West 1.4 Acres of Commercial Land Offered at £4,000,000 in Shoreham By Sea BN43 6RN
INVESTMENT HIGHLIGHTS
- 1.4 acres Planning permission granted for 90,000 square feet commercial space
- The site was originally subject to an application spanning both the east and west sections of Kingston Wharf for three blocks of residential dwellings
- The site at Kingston Wharf West falls within the Western Harbour Arm area of Shoreham Port and is located directly onto the River Adur
- Fully remediated site ready for development
- Kingston Wharf West is located at the eastern end of the principle arterial route into Shoreham By Sea fronting both the A259 Brighton Road
EXECUTIVE SUMMARY
Freehold with vacant possession
BASIS OF SALE Expressions of Interest are sought for the freehold interest of the site. Consideration will be given to either unconditional or subject to planning offers. Interested parties will be expected to provide proof of funds and relevant ID in accordance with the Anti Money Laundering Regulations 2017
PROPERTY FACTS
| Price | £4,000,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.40 AC |
1 LOT AVAILABLE
Lot
| Price | £4,000,000 |
| Price Per AC | £2,857,142.86 |
| Lot Size | 1.40 AC |
The site was originally subject to an application spanning both the east and west sections of Kingston Wharf for three blocks of residential dwellings (east section) and a mixed-use Business Centre (office, storage and café uses)
DESCRIPTION
Kingston Wharf West was acquired by Easistore SelfStorage operators as part of a JV purchase with Hyde Housing and they secured planning on the site for a new commercial building to include a major self-storage facility, Business Centre and café offering up to 90,000sqft of commercial space within a multi-level building. As part of the original transaction, Hyde were obligated to completely remediate the site ready for the Easistore development, to include providing the new river wall and waterfront walkway and de-contamination of the site. This work has now been completed and full details of the works undertaken, and specification, are within the information pack.
