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POTENTIAL IN

Shoreham

It could be argued that Shoreham

has greater potential as a

commercial centre than it has

so far achieved.

That is because it has both an

airport and a shipping port, even

though neither is of great size.

However, the location is a positive

one as both have easy access to

London as well as the populations

along the south coast.

In fact, Shoreham Port has

thrived in recent years with the

significant help of the Coast to Capital

Enterprise Partnership0 (LEP) which

has provided investment and

business support to increase

productivity and generate growth.

The result has been increased

cargo handling and an expansion of

the port’s commercial property

portfolio and the past investment has

allowed an increase in cargo capacity

at the Power Station Quay.

A key part of the property portfolio

was the purchase of Maritime House,

a business centre, with the help of a

£1.1 million grant from Coast to Capital.

Judging by the agents’ listing for

industrial property there is a healthy

demand for letting and sale, with a

notable level of purchase for owner

occupation but much of this space is

small. That said, Graves, Son &

Pilcher have sold or let a number of

larger units, such as a 2,589 sq.metres

(27,869

sq.ft

.) unit at Cecil Pashley

Way, a popular location at the airport.

The same agent also acquired a

4,180 sq.metres (45,000

sq.ft

.) unit

on Dolphin Road, Shoreham for a

company that will use it themselves.

Graves, Son & Pitcher are also

dealing with three other units on

Dolphin Way totaling 1,302

sq.metres (14,000

sq.ft.

).

As far as offices are concerned,

the airport (also known as Brighton

City Airport) has plenty of space

available, such as three suites

within the Grade II listed terminal

building as well as along Cecil Pashley

Way. Clearly there is potential at the

airport but to be fair road access

needs improving, particularly from

Shoreham and the port.

Were the roads in the immediate

area of the airport and port

improved, there is a real potential

for commercial development.

NEWS

Kent is well served by science

parks and they have a good record

of nursing small companies into

faster growth.

That is certainly true of Discovery

Park, Sandwich which continues to

pull in new occupiers and see its

existing tenants expand, proving the

doomsayers wrong about its future

after a large part of Pfizer left.

Six new companies have joined in

the past year while three existing

occupiers have expanded. The new

occupiers include Invicta Health

Community Interest Company, formed

by a group of GPs; Trinity Mirror

Group, a newspaper publisher, and

Exroid Technology.

One example of an existing

occupier expanding at Discovery Park

is A4P, which specialises in the

management of outsourcing for

bioanalysis and logistics.

Richard Hucker of A4P said:

“We have recently expanded into a

larger office at Discovery Park because

our client base is continuing to grow

and existing clients are expanding

their requirements of us. The dynamic

nature of the pharma science sector is

an environment where the

organisations investing in drug

development need to source flexible

specialised outside expertise”.

“One of the secrets of the firm’s

success is that it can provide services

to other companies at Discovery Park,

creating a virtuous circle”.

Graham Howieson of Discovery

Park commented: “A4P is an example

of the global footprint that many of

the companies here enjoy. This is a

place with worldwide connections

that thrives in collaboration both on

and off site with a skills base built up

over decades”.

Discovery

SETS THE PACE

Commercial Property Register

June - October 2018

www.compropregister.com

6

Discovery Park

Selling commercial property through

auctions appears to have become

more popular, judging from the

performance of Clive Emson.

At its recent auction in Maidstone,

a mixed use block in Dover with four

commercial units and 29 flats was on

offer at a guide price of £3.5 million and

in Brighton Great Thorndean Farm,

Haywards Heath for £1.1 million (it has

two holding residential planning

consents). James Emson said: “A trend

we are currently noticing is a demand

for versatility and flexibility, perhaps in

the form of mixed use commercial and

residential properties or good quality

development and investment stock.

Portfolio holders are widening their

investments in 2018 as they monitor

trends, attempt to predict the future

and consider options, and the auction

room remains the best place to do this”.

IN BRIEF

Another

part of the improvement to the A27 road, the vital south coast

road, has been chosen with the Arundel bypass but it still faces

considerable local opposition. Highways England examined a number of

routes and argues the proposal, which goes through Binsted village, is the

best option. The £250 million project could start in 2020 and will unlock a

notorious traffic bottleneck in Sussex.

UNDER THE

hammer

Great Thorndean Farm