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Lok'n'Store buys 3.5 acre Eastbourne site

30 November 2023
The Business Magazine article image for: Lok'n'Store buys 3.5 acre Eastbourne site
Credit: Lewes and Eastbourne Councils

Lok’n’Store, the Hampshire-based provider of self storage space, has purchased the Birch Road in Eastbourne from Alfa Laval Ltd.

Flude Property Consultants oversaw the deal, the total price amounted to £5.25 million. Alfa Laval sold the site as part of a relocation and property modernisation strategy.

The property comprises 83,000 sq ft of industrial, warehouse and office buildings on a 3.48 acre site. It also benefits from a substantial frontage to the A2290 Lottbridge Drove.

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Lok’n’Store  plan to redevelop part of the site with a new state of the art self-store for relocation of their current premises in nearby Hawthorn Road.

Flude Director, Andrew Halfacree, said: “The prominent roadside position of the property in an established retail and trade location added to its appeal.

''There was strong interest and 17 offers were received. Lok’n’Store were chosen as the preferred purchaser and proved to be a very reliable, proactive and pragmatic purchaser in addressing various issues that arose during the sale process.” 

Read more - Hampshire’s Earth Broadband to expand following £300k investment round

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.

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