Under Offer
28 Cecil Pashley Way,
Shoreham Airport,
Shoreham BN43 5FF
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Industrial and Warehouse
4,184 Sq Ft (388.69 Sq M)
- Modern, purpose built hangar
- Situated on Brighton City Airport with excellent access to the A27
- Substantial hangar loading doors allowing aeroplane access
- Hangar access to the apron and taxiway leading to the runways
- Open plan hangar / industrial / warehouse unit
- Yard, vehicle parking to front of unit
- 20m x 20m hard standing to rear of unit
- Long leasehold interest for sale
Location
Located between Brighton and Worthing, sits Brighton City Airport Business Park. Access is via the main A27 dual carriageway or the A259 South Coast Road. Shoreham town centre is located approximately 1 km to the east.
Other occupiers on the business parks include Ricardo Engineering, Northbrook College, Cox Powertrain, Transair Flight Equipment, etc.
Description
Detached hangar / Industrial / Warehouse unit with office space and ample parking
Direct access to the runway apron & excellent access to the A27
Energy Performance Rating
We understand the property to have an EPC rating of C (64).
Planning
We believe that the building was developed under planning consent reference L/136/99/TP/18137. Under which consent was granted for a 'Hangar (With Incidental Workshop & Offices) And Associated Aircraft And Car Parking Areas'.
Taxation
Rateable Value (2023): £47,250.
Terms
The long leasehold interest is offered for sale with vacant possession on completion. Offers invited in the region of £450,000.
Our client's interest is a long lease for a term of 125 years from the 24th May 2000. The current ground rent is £7,000 per annum, with 5 yearly rent reviews upward only and settled at 20% of the estimated market rent. The 2020 ground rent review is currently under negotiation.
-NB- The permitted use within the head lease is for aviation related purposes.
A copy of the head lease can be made available upon request.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.