FREEHOLD INVESTMENT FOR SALE
3,804.72 SQ M (40,954 SQ FT)
Thornhill Court, Billingshurst Road, Coolham, West Sussex, RH13 8QN
Thornhill Court is situated on the north side of Billingshurst Road, half a mile from the centre of Coolham village, located just off the A272 and accessed via the A24 principal London/South coast trunk road. The established village of Billingshurst is within 3 miles offering day-to-day shopping facilities and a mainline railway station offering
Horsham is approximately 8 miles to the north-east, Worthing approximately 12 miles to the south and Gatwick Airport approximately 20 miles to the north.
See location on Google Maps
Thornhill Court is a rural industrial estate comprising a mix of B1 (Light Industrial) B2 (General Industrial) and B8 (Storage & Distribution) business units created from the conversion of former agricultural buildings, with two of the units having been more-recently purpose built.
The industrial estate is on a site of 1.288 hectares (3.182 acres).
• Freehold Multi-let industrial investment (B1, B2 and B8 Uses)
From measurements taken on site in accordance with the RICS Code of Measuring Practice we calculate the approximate gross internal areas as follows:-
There is also a detailed planning consent (DC/12/0173) for the erection of a new B8 (storage & Distribution) Unit extending to 799.80 sq m (8,609 sq ft), with all planning conditions having been discharged.
Thornhill Court is available by way of a sale of the freehold interest, subject to the existing tenancies. Alternatively the current property ownership structure can be made available, which is as follows:
• A pension scheme owns the freehold of Unit 1
The current ownership facilitates the majority of the rents accruing to the Company subject to the lower rate of corporation tax with flexibility on the extraction of those funds from the Company. A purchaser may wish to take advantage of this structure and therefore acquire the existing company shares and property interests.
A tenancy schedule is available upon request.
Offers are invited in the region of £3,000,000 (three million pounds).
VAT may be applicable on the terms quoted.
Each party to be responsible for their own legal costs.
By appointment through:Jonathan Mack
T: 01403 756510
M: 07557 562699
T: 01403 756501
M: 07990 514679