SOMPTING ROAD, WORTHING, WEST SUSSEX

SOLD

Disposal of a trade counter investment.

• Modern (2019) Travis Perkins, Benchmarx and City Plumbing Supplies builders’ merchants, showroom & trade counter facility.
• Extensive service yard, customer parking and external racking.
• 21,560 sq ft of rentalised GIA – NB: mezzanines not rentalised.
• Site Area – 1.80 acres and a low 27.50% ‘footprint’ site coverage.
• Freehold.
• Overriding FRI lease to Travis Perkins Trading Co Ltd for 15 years.
• Initial rental: £320,000 pa.
• Five yearly, upward only rent reviews to Market Rental, increases capped at 21.67%..
• OIEO £5,455,000 for the freehold, subject to contract and excl. of VAT, NIY: 5.5%.

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