Picture No. 01

Land For Sale £750,000
West Sussex


Description

FREEHOLD INVESTMENT FOR SALE

Various Business units
Three residential units
Other vacant units
Asset management opportunities to include further
development of existing buildings

Offers are invited in the region of £750,000. The price shows a purchaser a gross initial yield as presently let of 11% exclusive of costs.

SERVICES
Mains water, mains electricity but submetered to the individual units, drainage to one private on site system, no gas.

Drawing 5042 02 over illustrates the yard layout
and is annotated for ease of reference. The property was originally a poultry farm. From 1971 until early 2011 (when the use ceased as the result of changing technology), most of the farm buildings were the base for a printing business. This commercial use was clarified by a Certificate of Lawful Existing Use, planning reference WK/8/93 granted in 1994. Unit 5 was confirmed in this certificate as a vehicle workshop and store and this has not been changed subsequently.
In 2014 a disused part of the buildings previously used as part of the printworks was converted into three residential studios, Use Class C3. These are units 1a, 1b and 1c on plan 5042 02. No planning application was made for the change of use but it was regularised by a Certificate of Existing Use of Development dated 31st May 2023. Unit 2 is used as a domestic storage for Little Firslands.
Other parts of the poultry buildings specifically Units 3, 4a, 4b on Plan 5042 02 were let to a variety of users now falling into Class E of the Use Classess Order as amended in 2020 by The Town and Country Planning (Use Classes) (Amendment)
(England) Regulations 2020 and are covered by
a Certificate of Lawful Use of Development for
commercial use granted by Horsham District Council dated 31st May 2023 as follows: Units 4 and 4a for use as a children’s nursery, Unit 4b as an office. Units 6 and 7 have planning permission granted by WK/22/93 with demolition of part of the building (WK/23/93) to create parking for B1/B8 use and have been let within the terms of the planning permission.

Strictly by confirmed and accompanied appointment with the agents. The nursery will not be accessible for viewings.

RH & RW Clutton -[use Contact Agent Button] / 305825
[use Contact Agent Button]


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onthemarket.com

  
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