362,419 sq ft

Offers In Excess Of £10,000,000

Freehold

S.M Tidy Estate

Ditchling Common, Ditchling, Hassocks, East Sussex, BN6 8SG

Information

SM Tidy Industrial estate is accessed off Folders Lane and shares an access road with the Mid Sussex Business Park (80,000sqft of Modern Business Units ) and several other commercial units & occupiers. Extending to some 8.32 acres the estate was originally conceived and constructed during the 1960's & 1970's by the current owners who used the buildings for their own business as warehousing and workshops . Arranged in 4 principle blocks together with a multi-let office building (Lion House), the estate provides a wide variety of accommodation, from starter units, small workshops, larger warehouse and industrial units together with open storage compounds. The largest single unit comprises approximately 24,000sqft and is a self-storage facility Let to Big Box Storage Centres Ltd. The estate has been in the same family ownership for several decades and is an excellent Asset Management and development opportunity to improve the rental income and upgrade the units.

  • Gross income potential of circa £811,500pa ( net circa £791,500pax)
  • Over 100,000sqft across 8+ acres
  • Initial yield 7.5%
  • Low average rent of £5.68sqft
  • Asset management opportunity to improve rental tone
  • Potential redevelopment options
  • Anchor tenant Big Box Storage Centres Ltd
  • Best bids on 11th November 2022
  • Contact steven@oakleyproperty.com for dataroom access

Location

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