Foredown Drive, Portslade, BN41 2BB

about this property

Commercial Investment; 2 adjoining light industrial units with parking to front forecourt.

Both Let on 15 year terms from 2022.

Possible Future Development
A rectangular site which lends itself to future demolition and erection of say 6 semi-detached houses or blocks of flats.

The site has a 35m frontage to Foredown Drive and a site depth of 30m approximately.

Interested parties to satisfy themselves on planning potential and all measurements.

Lease Details
2-4 Foredown Drive - let to Brighton Sign Company Limited @ £35,000pa
6-8 Foredown Drive - let to Brighton Fire Alarms Ltd @ £28,000pa

Both tenants in occupation since at least 2008 and both new leases effected for a term of 15 years from 1 August 2022.

Review dates in both leases are 1 August 2024 and then 5 yearly thereafter.

Both leases are contracted out of the Landlord and Tenant Act 1954 Part II Sections 24-28.

Both leases have break clauses at 31 July 2027 and 31 July 2032 – both by either Landlord or Tenant.

Both leases follow on from previous leases, both dated 28 March 2008.

Both leases are full repairing and insuring, subject to a schedule of condition attached to the original lease.

Copies of present and previous leases including schedule of condition available upon request.

Total Current Rent
Currently producing a total rent of £63,000 pa.