Unit 8 Courtlands Rd | Eastbourne BN22 8TR
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Unit 8 Courtlands Rd
Eastbourne BN22 8TR
Stamco Building Supplies · Industrial Property For Sale
Investment Highlights
- 28 car parking spaces
- 2 level access loading doors
- Two storey ancillary offices
- Minimum eaves height of 6.25m
- 35m yard depth
Executive Summary
The site extends to approximately 1.47 acres, reflecting a site coverage of 45%.
• Let to Sussex Turnery & Moulding Company Limited on an FRI lease expiring 1st October 2039, offering an attractive income stream of approximately 16.29 years with linked RPI (1% - 4%) reviews.
• Current passing rent of £185,250 per annum, reflecting £5.56 per sq ft. The vendor has proposed to top up the rent to a fixed level of
£212,600 (£6.39 per sq ft).
• ERV of £9.00 per sq ft.
• Let to Sussex Turnery & Moulding Company Limited on an FRI lease expiring 1st October 2039, offering an attractive income stream of approximately 16.29 years with linked RPI (1% - 4%) reviews.
• Current passing rent of £185,250 per annum, reflecting £5.56 per sq ft. The vendor has proposed to top up the rent to a fixed level of
£212,600 (£6.39 per sq ft).
• ERV of £9.00 per sq ft.
PROPERTY FACTS Sale Pending
| Sale Type | Investment | Rentable Building Area | 33,289 SF |
| Net Initial Yield | 6.44% | Number of Floors | 1 |
| Tenure | Freehold | Year Built | 1985 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.84/1,000 SF |
| Building Class | B | Clear Ceiling Height | 26 ft |
| Lot Size | 0.83 AC |
| Sale Type | Investment |
| Net Initial Yield | 6.44% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.83 AC |
| Rentable Building Area | 33,289 SF |
| Number of Floors | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 0.84/1,000 SF |
| Clear Ceiling Height | 26 ft |
Amenities
- EPC - B
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