Overview
The premises offer high quality purpose-built accommodation constructed in 2008 and was the first official Trade Counter Park in Eastbourne. The unit is of steel portal frame with flush smooth steel profile cladding and glazed elevations. Internally, the unit offers ground floor factory area, kitchen and WCs with stairs leading to first floor open plan airconditioned office accommodation. The offices are finished to a high standard and feature large windows providing excellent natural light, suspended ceilings air conditioning, gas fired radiators,. A door leads out to a mezzanine storage area with separate stairs leading to the ground floor warehouse.
Externally, the unit benefits from a substantial car park and full HGV loading bay.
Size
Amenities
Location
Brampton Business Park is located on the established Hampden Park Industrial Estate approximately 2 miles north of the town centre with immediate access to Cross Levels Way, the main arterial road into the town centre. The property lies less than half a mile away from the Polegate Bypass, with fast and direct access to the A27 routes both East and West (to the M23) plus the A22 to London. Hampden Park mainline railway station is also approximately 500 yards from the premises with direct trains to Brighton, Gatwick and London Victoria.
Rent
Business Rates
According to the Valuation Office website the premises are described as:
Warehouse and premises
Rateable Value: £34,000
(All interested parties are advised to make their own enquiries with the Local Authority).
VAT Details
VAT will be charged on the terms quoted.
Legal
Each party is to be responsible for their own legal fees.
Terms
The Opportunity
Intafast Ltd was established in 1988 and has now become a major independent industrial fastener supplier for end users within the manufacturing industry. Apart from standard fasteners they specialize in supplying non- standard fasteners, modifications, precision turned parts manufactured to customer’s drawings and specifications, plating, and Nylok® Tuflok® patching. They also specialize in the manufacturing and supplying of brass inserts for the plastics industry with our own large range of inserts.
Intafast purchased the premises in 2008 and at the same time acquired a lease of the adjoining property. The lease for the adjoining property was renewed in 2022 for a further 10 years with a rent review at Year 5.
The vendor of Unit 12 is also the owner of the Intafast. They wish to create a sale and leaseback with a lease co terminus with the adjoining unit.
Tenure
Freehold for sale subject to a lease back from to Intafast Limited company reg 02310641 at a rent of £55,300 per annum on a new full repairing and insuring lease for a term to expiry 13th June 2032 with a rent review on 14th June 2027 with no break options is agreed.
Price
Offer in the region of £745,000 representing a yield of 7% by way of a TOGC.
Company Accounts are available upon request
