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1 Commerce Way - The Triangle Business Centre
1,714 SF Office Condo Unit Offered at $285,878 in Lancing BN15 8UP
Investment Highlights
- Good road connections
- Amenities nearby
- Close to seafront
Executive Summary
Triangle Business Centre is situated at the front of the popular Lancing Business Park, between Brighton and Worthing. Conveniently accessible to Lancing town centre, railway station, bus services, the A259 coast road and A27.
Property Facts
| Price | $285,878 | Sale Type | Investment |
| Unit Size | 1,714 SF | Building Class | B |
| No. Units | 1 | Floors | 3 |
| Total Building Size | 50,796 SF | Typical Floor Size | 11,175 SF |
| Property Type | Flex (Condo) | Year Built | 1965 |
| Property Subtype | Light Manufacturing | Parking Ratio | 0.39/1,000 SF |
| Price | $285,878 |
| Unit Size | 1,714 SF |
| No. Units | 1 |
| Total Building Size | 50,796 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 11,175 SF |
| Year Built | 1965 |
| Parking Ratio | 0.39/1,000 SF |
1 Unit Available
Unit Corner
| Unit Size | 1,714 SF | Sale Type | Investment |
| Price | $285,878 | Tenure | Freehold/Long Leasehold |
| Price Per SF | $166.79 | Cap Rate | 6.50% |
| Condo Use | Office | NOI | $18,582.05 |
| Unit Size | 1,714 SF |
| Price | $285,878 |
| Price Per SF | $166.79 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Cap Rate | 6.50% |
| NOI | $18,582.05 |
Description
The property is located on the ground floor, accessed via the main communal entrance and double loading doors. The ground floor is currently open plan with a WC. Stairs lead to the first floor and comprises of two offices/stores with a further WC. The property also benefits from 2 parking spaces.
Sale Notes
Located on the corner of the building, The unit is let on a lease for a term of 5 years from May 2023 at a rent of £15,000 per annum, exclusive.
Amenities
- 24 Hour Access
- Security System
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
Utilities
- Heating - Electric
-
Leigh Doherty -
Jacobs Steel & Company
Presented by
1 Commerce Way - The Triangle Business Centre
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