Spring Copse Business Park

Stane Street, Horsham, RH13 0SZ

113,786 sq ft

FREEHOLD MULTI-LET INDUSTRIAL & IOS INVESTMENT

Summary

Opportunity to acquire a long established multi let industrial / warehouse development
Established South East industrial estate
Total GIA of 113,786 sq ft with additional c.0.8 acre IOS
8.436 acre site
Total passing rent of £1,114,292 per annum
Fully Let to 5 tenants
WAULT of 13.07 years to expiry and 8.44 years to break
Seeking offers in excess of £14,000,000 (Fourteen million) reflecting a Net Initial Yield of 7.46%, assuming standard purchasers costs of 6.73%

Location

Spring Copse Business Park is situated in a prime commercial location on the western edge of Horsham, a highly affluent and economically resilient market town in West Sussex, within the core South East industrial and logistics corridor.

The estate benefits from immediate access to the A264, which provides direct connectivity to the A24 and A23 dual carriageways, linking efficiently to the M25 (Junctions 9 and 11) and the national motorway network. This strategic road positioning enables strong accessibility to Greater London, the South Coast, and key regional distribution routes. Horsham town centre is located approximately 2 miles to the east and offers an extensive and high-quality amenity provision, supporting a skilled and affluent labour catchment. The town is widely regarded as a key South East business hub, attracting a diverse range of established occupiers across industrial, logistics, and professional sectors. Gatwick Airport, one of the UK’s major international gateways, lies approximately 12 miles to the north-east, further enhancing the estate’s appeal to occupiers with national and international requirements. In addition, Horsham railway station provides regular direct services to London Victoria and London Bridge, with journey times from approximately 55 minutes, reinforcing strong connectivity to Central London.

The property is positioned within an established business environment, with a critical mass of surrounding commercial uses and strong underlying occupational demand, underpinning its long-term attractiveness as an institutional industrial investment within a constrained South East supply market.

Get directions from Google Maps

Mainline Stations

Christs Hospital

50 mins
Billingshurst

76 mins
Warnham

80 mins
Horsham

82 mins

Underground Station

Tadworth

334 mins
Kingswood

348 mins
Tattenham Corner

353 mins
Epsom Downs

372 mins

Further Information

Price Offers in excess of £14,000,000

Rates Payable Upon Enquiry

Service Charge n/a

Estate Charge n/a

Description

The site is currently accessed by an entrance from Stane Street. The road/yard surfaces of the site comprise a mixture of tarmac and concrete finishes with access provided to the central parts of the site via a single circular roadway. The parking areas are distributed throughout the site, whereby each occupier has good parking provision well suited to the various uses. Only the front eastern section of the site
currently lies undeveloped and this currently provides industrial open storage (IOS).

Viewings

Inspections are by appointment only and can be arranged by contacting a member of the Vail Williams team below.

Planning

The property falls within an area administered by Horsham District Council whose Local Plan was adopted in 1997 and a “Position Statement” was published in 2001. The area is the subject of emerging Local Development Framework policy.

In May 2020 planning was granted under reference DC/20/0279 for the erection of a B1/B8 industrial warehouse building of 15,500 sq ft and associated car parking (The area is currently utilised as open storage). Planning has been implemented.

Tenure

Freehold – Title Number WSX227016

Data Room

Data room access is available upon request via Vail Williams.

EPC

EPCs are available in the data room.

AML

In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/ proof identifying the source of funds being relied upon to complete the transaction.

VAT

We have been informed by our client that the premises are currently elected for VAT and it is anticipated the transaction will be dealt with by way of a TOGC.

Market Commentary

The South East industrial market continues to demonstrate exceptional resilience, underpinned by a diverse occupier base, constrained land supply and strong long-term demand for modern industrial and logistics accommodation. Key locations across Sussex and the wider South East remain
highly sought after, with rents ranging from £14.50 to £25.00 per sq ft, reflecting the strength and depth of occupier demand throughout the region.

Rental growth has been a defining feature of the market over the past decade, with a consistent upward trajectory driven by limited development opportunities, rising construction costs and increasing business requirements for well-located, energy-efficient space. Prime industrial rents continue to reach new highs across established centres including Crawley, Brighton, Horsham and Billingshurst, reinforcing the South East’s position as one of the UK’s strongest performing industrial markets.

Proposal

Seeking offers in excess of £14,000,000 (Fourteen million) reflecting a Net Initial Yield of 7.46%, assuming standard purchasers costs of 6.73% and a capital value of £123.00 per sq ft.