KINGSTONWHARF SHOREHAM RESIDENTIAL/MIXED USE OR COMMERCIAL 3.96 Acres (1.605 ha) Freehold For Sale Shoreham KINGSTON WHARF Shoreham Port Shoreham Beach Kingston Wharf, Brighton Road, Shoreham By Sea, West Sussex, BN43 6RN BEST & FINAL OFFERS INVITED BY FRIDAY 10th JUNE 2016 Of interest to developers, occupiers and investors Potential for major residential or commercial led development Major River Adur and road frontages Located within the Western Harbour Arm Development Brief Area Vacant possession summer 2018 (excluded leases) Current net income 139,000 pax rising to 149,000 pax Located within a mixed use area Upon the instructions of
THEPLANNING BLOCK A 4 storeys fronting the A259, rising to 8 storeys at river side. Amenity Space Podium deck terraced down to promenade, providing landscaping, seating and gathering spaces. Promenade Cafe Single storey cafe on the promenade, and visible from the A259 BLOCK H 4 storeys fronting the A259, rising to 8 storeys at centre of site. Building orientated to be outside of navigation line. ARCHITECTS VISION FOR KINGSTON WHARF PROPOSED AERIAL VIEW FROM SOUTH EAST PLANNING The site currently has planning consent for open storage and B8/B1 uses, but has significant potential for a residential led regeneration development. The site sits within the Joint Area Action Plan 2014 and the area of the Western Harbour Arm Development Brief, prepared by Adur District Council which promotes the site for significant residential led and commercial development. A summary of these documents is available within the Information Pack, together with an Architects feasibility study, demonstrating potential for an apartment development of in the order of 300 units. The Architects feasibility study has been disclosed to Adur District Council for comment, but not through a formal pre application process. Email extract to Peter Davies Development Director Shoreham Port Authority March 2016 Following the extensive public consultation and partnership working undertaken to complete the Western Harbour Arm Development Brief, I was very encouraged to see that the Kingston Wharf site is now coming to market this spring. I appreciated you sharing the master planning work prepared by ECE Architecture with the Council, ahead of the site coming to the market and the concept plans I am sure will attract significant developer interest. The site represents a great opportunity for the private sector to bring forward an exciting mix of homes and jobs to regenerate the area and act as catalyst for further development sites to come forward. The ECE sketch proposals appear to have captured the key elements of the adopted Development Brief and reflect the overall vision for the regeneration of the Western Harbour Arm. Without prejudice I would like to think that other members of the Shoreham Harbour Regeneration Partnership and Adur Council would welcome the approach that has been proposed in the master planning work undertaken. I am sure the site will be very well received in the market and wish you well with the sale of the site. I look forward to working closely with the successful purchaser to deliver a high quality mixed use development on the site. JAMES APPLETON Head of Economic Growth at Adur District Council and Chairman of the Shoreham Harbour Regeneration Partnership Project Board.
KINGSTONWHARF RESIDENTIAL/MIXED USE OR COMMERCIAL Southwick Waterfront The iconic Adur Ferry Bridge sussexphotos.co.uk East Street Shoreham, Pedestrianised Shopping LOCATION Shoreham is located on the South Coast 5 miles to the east of Worthing and 6 miles to the west of the City of Brighton & Hove. Shoreham has an urban population of approximately 19,000 and a catchment population of 290,000 within 12 miles of the town centre. The town benefits from a direct rail link with London Victoria (1 hour 15 minutes) Shoreham is well served by the national road network comprising the A259 main coast road with links to the national road networks via the A27 and A (M23) North. SITUATION The site is located to the east of Shoreham town centre to the south side of the A259 Brighton Road. The site has both significant road frontage and river frontage to the River Adur and comprises open storage areas, with three main road access points. The site currently accommodates an existing modern warehouse unit with offices, which extends to 19,750 Sq Ft (1,834 sqm). SITE AREA The site area is 3.96 acres (1.605 hectares). The river and road frontages are approximately 339m (1,112ft) TENURE The site is to be sold freehold subject to the various tenancies. TENANCIES The site is currently let to two commercial tenants. Stamco currently lease the eastern end of the site and the modern warehouse building on a lease expiring in June 2018. The lease incorporates a mutual break clause operational in June 2016 and 2017 upon at least 6 months prior written notice. The lease is excluded from the 1954 Landlord & Tenant Act. The western end of the site is subject to two open storage leases to the Day Group. Both are for a term of four years from April 2014. Both leases are excluded from the 1954 Landlord & Tenant Act. The Port Authority maintain responsibility for around 20,000 of business rates under the Day Group leases, so the total net rental income from the site at present is therefore 139,000 pax exclusive rising in December 2016 to 149,000 pax.
THELOCATION 1 2 3 5 4 6 7 9 10 11 13 14 12 15 16 8 17 Worthing Brighton LOCATION KEY 1 Brighton City Airport 2 Ropetackle North - The Hyde Group 3 Ropetackle 4 Shoreham Town Centre 5 Shoreham Railway Station 6 WN Developments Site Mixed Use (under construction) 7 Free Wharf - Southern Housing Group 8 Shoreham Beach 9 Western Harbour Arm Development Brief Area 10 Kingston Wharf 11 Howard Kent 12 Southwick Waterfront Development 13 SouthwickRailway Station 14 Southwick Town Centre 15 South Coast Railway Line 16 A259 main coast road 17 Hove Lagoon INDICATIVE DESIGN SOLUTION Extract from the Flood Risk Management Guide KINGSTON WHARF ORDNANCE SURVEY MAP EXTRACT Approximate site boundary for illustrative purposes only
KINGSTON WHARF SHOREHAM RESIDENTIAL/MIXED USE OR COMMERCIAL BEST & FINAL OFFERS INVITED BY FRIDAY 10th JUNE 2016 M4 M27 Isle of Wight Portsmouth M3 A40M A3 A272 Chichester LONDON Guilford A24 M23 Crawley M2 M20 Maidstone Tunbridge Wells A22 A26 A24 Horsham Haywards Heath A272 A23 A27 A27 Hastings Littlehampton Worthing BRIGHTON Shoreham Seaford Eastbourne Kingston Wharf, Brighton Road, Shoreham By Sea, West Sussex, BN43 6RN BASIS OF SALE Best and final offers are invited by 5pm Friday 10th June 2016. The property is to be sold by informal tender and all offers should be for a fixed sum, unrelated to other offers. Consideration will be given to either unconditional or subject to planning offers. Unconditional offers may contain an overage provision which takes account of the residential development potential of the site. Offers should provide a summary of the proposed scheme and ideally indicative sketch plans. Interested parties are requested to provide background evidence of how the purchase will be funded and provide a set timetable for exchange of contracts and completion of the purchase. SUBMISSION OF OFFERS Offers should be marked Kingston Wharf Offer and be addressed to: Mr C Oakley, Oakley, 23-24 Marlborough Place, Brighton, BN1 1UB. EPC The Stamco building has a rating of 90 (band D) INFORMATION PACK DOWNLOAD An information pack is available to download from our home page at www.oakleyproperty.com, which will contain: Title information Tenancy information Site plans Asbestos survey EPC Architects design study River wall survey Flood Risk Management Guide Shoreham Port Masterplan Joint Area Action Plan for Shoreham Harbour Western Harbour Arm Development Brief RATEABLE VALUE Kingston Railway Wharf is 92,500 (a single assessment). This is made up of the following: Kingston Railway Wharf East (site) 40,000 Kingston Railway Wharf East (bagging plant) 25,000 Kingston Railway Wharf West 27,500 Kingston Wharf ( STAMCO) 118,000 VAT The majority of the property is registered for VAT. However, as it is tenanted, it is likely that a sale can be treated as the transfer of a TOGC. SOLE AGENTS Oakley 23 & 24 Marlborough Place Brighton BN1 1UB T 01273 688882 E info@oakleyproperty.com oakleyproperty.com FURTHER INFORMATION Steven Harvey T 01273 645772 E steven@oakleyproperty.com Chris Oakley T 01273 645776 E chris@oakleyproperty.com Please Note: These details have been produced in good faith and are believed to be accurate based upon the information supplied but they are not intended to form part of a contract. You are strongly advised to check the availability of the property before travelling any distance to view. All statements contained in these particulars as to this property are made without responsibility on the part of Oakley or the vendors or lessors. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The vendors do not make or give and neither Oakley nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property. design by Proworx : : proworx.co.uk