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Sussex Business Village Lake Ln

4,500 SF 100% Leased Office Building Bognor Regis PO22 0AA $2,733,530 ($607/SF) 5.24% Cap Rate

Investment Highlights

  • Situated on the northern edge of Barnham village
  • Closest station to the property is Barnham Railway Station
  • Plenty of car parking spaces on site

Executive Summary

Situated on the northern edge of Barnham village a freehold office development currently fully let with a total rent of £115,274 per annum.
The Walberton Neighbourhood plan suggests that consent for 3 new residential dwellings may be possible. Please refer to the Walberton
Neighbourhood Plan for more information.

Attachments

Lake Lane

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
4,500 SF
Building Class
C
Year Built
1990
Price
$2,733,530
Price Per SF
$607
Cap Rate
5.24%
NOI
$143,230
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,250 SF
Building FAR
0.08
Lot Size
1.30 AC
Parking
25 Spaces (6.24 Spaces per 1,000 SF Leased)

Amenities

  • Common Parts WC Facilities
  • Shower Facilities

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground-Ste 8 Suite 1
  • 795 SF
  • Office
  • Full Build-Out
  • 30 Days

The subject suite comprises the ground floor of the property & is arranged around the central core creating two seperate office areas. The majority of the accommodation is open plan with the addition of fully glazed private meeting room & a large private office. The specification includes under floor heating, a raised floor with floor boxes, a suspended ceiling with integral lighting, window blinds & kitchenette. The suite shares the communal use of a kitchen & WCs (including one disabled compliant) & a shower. Externally, parking is provided for 12 cars plus an additional area for overflow/visitor use. Available to rent on a new FRI lease for a term to be agreed (minimum term 3 years).

Space Size Space Use Condition Available
Ground-Ste 8 Suite 1 795 SF Office Full Build-Out 30 Days

Ground-Ste 8 Suite 1

Size
795 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

Ground-Ste 8 Suite 1

Size 795 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

The subject suite comprises the ground floor of the property & is arranged around the central core creating two seperate office areas. The majority of the accommodation is open plan with the addition of fully glazed private meeting room & a large private office. The specification includes under floor heating, a raised floor with floor boxes, a suspended ceiling with integral lighting, window blinds & kitchenette. The suite shares the communal use of a kitchen & WCs (including one disabled compliant) & a shower. Externally, parking is provided for 12 cars plus an additional area for overflow/visitor use. Available to rent on a new FRI lease for a term to be agreed (minimum term 3 years).

  • Listing ID: 33120734

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address: Lake Ln, Bognor Regis PO22 0AA

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