Property
Located in Victoria Industrial Estate, the 20,830 sq ft distribution warehouse is fully let to International Logistics Group Limited with the lease close to expiry.
The purchase provides an opportunity to refurbish the unit to be able to capture reversion in line with prime rents in the area. The investment also offers further asset management opportunities including development of the yard to create further logistics accommodation, subject to planning.
Burgess Hill is an established industrial and logistics hub in West Sussex, strategically positioned to serve both London and the South Coast. The locality attracts a diverse range of occupiers, including e-commerce, healthcare, advanced manufacturing and traditional logistics businesses facilitating their last mile requirements. Local occupiers include DPD, Screwfix, CAE, Boeing, Porsche and Collins Aerospace. The area benefits from excellent road connectivity being situated close to the A273 and A23, providing easy access to the wider motorway network, and to Gatwick Airport.
Nick Robinson, Investment Surveyor at Cube RE, says: “This acquisition represents a disciplined addition to the Hathaway Opportunity Fund and reflects our continued focus on securing well‑located assets with strong underlying fundamentals. Burgess Hill remains a resilient and strategically important logistics location, and the property’s reversionary profile provides clear potential to enhance income performance over the short-medium term. We are pleased to strengthen the HOF portfolio with an asset that aligns with our long‑term investment objectives.”
Cube RE was represented by Newmark. SBY advised the vendor.