Commercial Property
, Monday, 18 February 2008
Although there are many traditional industrial businesses located on Arun’s business parks, there is a growing trend for new knowledge based businesses to locate in the latest, smaller units. These self-contained units are created through the re-structuring of the larger, old empty warehouses and factories.
The current demand on the coast for commercial property remains steady. Older properties on the industrial estates are either being re-furnished within the original structure, or in some cases purchased by developers to be completely demolished and re-built to a modern specification to meet demand.
Examples of such developments include the Brookside Avenue development in Rustington, with 16 smaller units created from one larger redundant building. New units are also on offer in Durban Road, Bognor Regis, as the old Weir building has been completely re-furbished. It is often found that Arun’s home-based businesses are moving into these properties, finding this option an ideal starter unit for them.
The commercial property demands of the County as a whole, see the Gatwick Diamond remaining as the area which is most sought after. The understanding of this requirement is due to the transport infrastructures and accessibility to the capital.
Overall, land values have continued to rise all along the Sussex Coastal Strip. There are still opportunities for new development, particularly in Brighton and in the towns along the West Sussex Coast. The recent rise in interest rates has done little to dampen the freehold demand, which means that companies looking for freeholds will be able to consider nearby Rustington and Littlehampton to the west, where two new schemes are either already underway or are just about to commence.
Business support and encouragement on offer through involvement with the Business Park Associations and the Arun Business Partnerships, adds to the attractiveness of locating your business to one of Arun’s Business Parks.
An excellent way to search for commercial property on the coast is through West Sussex Economic Partnership’s Commercial Property Database. This brings together all the available property in West Sussex, which is continuously updated by all the participating agents in the area. To use this free service, please visit www.wsep.org.uk.
Examples of such developments include the Brookside Avenue development in Rustington, with 16 smaller units created from one larger redundant building. New units are also on offer in Durban Road, Bognor Regis, as the old Weir building has been completely re-furbished. It is often found that Arun’s home-based businesses are moving into these properties, finding this option an ideal starter unit for them.
The commercial property demands of the County as a whole, see the Gatwick Diamond remaining as the area which is most sought after. The understanding of this requirement is due to the transport infrastructures and accessibility to the capital.
Overall, land values have continued to rise all along the Sussex Coastal Strip. There are still opportunities for new development, particularly in Brighton and in the towns along the West Sussex Coast. The recent rise in interest rates has done little to dampen the freehold demand, which means that companies looking for freeholds will be able to consider nearby Rustington and Littlehampton to the west, where two new schemes are either already underway or are just about to commence.
Business support and encouragement on offer through involvement with the Business Park Associations and the Arun Business Partnerships, adds to the attractiveness of locating your business to one of Arun’s Business Parks.
An excellent way to search for commercial property on the coast is through West Sussex Economic Partnership’s Commercial Property Database. This brings together all the available property in West Sussex, which is continuously updated by all the participating agents in the area. To use this free service, please visit www.wsep.org.uk.
