Acting on behalf of Palace Capital Plc, Flude Property Consultants (FPC) have concluded the investment sale of an industrial / warehouse unit in Rustington, near Littlehampton.
The property is located in a prominent corner position on the established Brookside Trading Estate in Rustington. The area has a very tight industrial market locally with virtually no availability and very little land supply on which to develop new stock.
The property comprises a purpose built detached industrial / warehouse unit measuring over 9,500 sq ft with landscaped gardens to the front and yard / parking area to the north elevation. The tenant in place at the unit, Precision Products (Brighton) Limited, remains as a trading business with 10 years remaining on their lease.
A successful marketing campaign attracted a number of interested parties and the property was purchased by The Rookery Estates Company.
FPC director, Andrew Halfacree, commented, “In my 30 years in the South Coast commercial property market, I have never known such a strong, and in turn, tight industrial market. This latest industrial investment sale demonstrates the ongoing strength of demand from investors to buy industrial investments. The lack of available Industrial stock – and land allocated for the development of new stock – is now a big problem for the Sussex market”.