Industrial

Units 5-7 Southern Cross Trading Estate, Bognor Regis PO22 9SE

 

Price: £2,450,000 - Initial Yield:4.96%

Date: Q2 2021

Acting on behalf of Hermes we advised on the sale of this well secured South East multi-let trade counter investment to London Metric. 

The property comprises three highly prominent trade counter units totalling 16,423 sq ft and ituated in the key trade/industrial area of Bognor Regis, known as Southern Cross Industrial Estate. Fully let to Kwik-Fit (D&B rating 5A1), Screwfix (D&B rating 5A1) and Halfords Autocentres (D&B rating 4A2), the property generates a total income of £129,564 per annum which represents £7.89 per sq ft, following settlement of rent reviews on units 5 and 6. AWULT of 6 years to expiry and 4.3 years to break.

Strong rental growth prospects due to high occupier demand and limited supply within the local market. The Southern Cross Trading Estate is set to benefit significantly from the adjacent Enterprise Bognor Regis, a 70 hectare commercial and employment zone.

Contact

John Ellison

Tel: 020 7493 3330
Mob: 07889 437 236
jellison@lewisellis.co.uk

James Elkington

Tel: 020 7493 3330
Mob: 07810722459
jelkington@lewisellis.co.uk


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