9,589 Sq Ft Industrial Investment in Rustington Sold for Guide Price
Wednesday 15 September 2021
Acting on behalf of Palace Capital Plc, we are delighted to have concluded the investment sale of an industrial / warehouse unit in Rustington, near Littlehampton.
The property is located in a prominent corner position on the established Brookside Trading Estate in Rustington. The area has a very tight industrial market locally with virtually no availability and very little land supply on which to develop new stock.
The property comprises a purpose built detached industrial / warehouse unit measuring over 9,500 sq ft with landscaped gardens to the front and yard / parking area to the north elevation. The tenant in place at the unit, Precision Products (Brighton) Limited, remains as a trading business with 10 years remaining on their lease.
A successful marketing campaign attracted a number of interested parties and the property was purchased by The Rookery Estates Company.
Andrew Halfacree commented, “In my 30 years in the South Coast commercial property market, I have never known such a strong, and in turn, tight industrial market. This latest industrial investment sale demonstrates the ongoing strength of demand from investors to buy industrial investments. The lack of available Industrial stock - and land allocated for the development of new stock - is now a big problem for the Sussex market”.