Units 3 & 4 Villandry, Fort Road, Newhaven, West Sussex, BN9 £275,000

Two modern, adjoining retail units let on a long commercial lease to Mulberrys; a private convenience store operator with 11 outlets across Sussex. The subject property forms part of ‘The Cape’ a mixed-use development comprising six commercial units and 106 apartments overlooking Newhaven Marina. The regeneration of ‘West Quay’ is progressing well with more than 800 new homes, shops, restaurants and leisure facilities scheduled to transform this already popular part of Newhaven. The subject property benefits from in excess of 15 years income from an established regional operator in a booming sector of the retail market, and is available at a figure that reflects a NIY in excess of 8.3%.