Description

  • Substantial Town Centre Commercial Investment Fully Let Producing £62,300 Per Annum
  • 3 x Ground Floor Retail Units with Offices Above & Car Park to Rear
  • Prominent Commercial Trading Location Close to Multiples
LOCATION The property occupies a prominent corner location on the south side of the High Street and the west side of its junction with York Road. The area is represented by many multiples including HSBC, Iceland and Subway as well as comprehensive local shopping facilities and amenities. Bognor mainline station is located ½ mile to the north with the seafront located closeby. DESCRIPTION A substantial three storey commercial investment comprising three retail units, offices and a car park to the rear accessed via Belmont Street. All units are currently let producing a total income of £62,300 per annum. TENURE Freehold, subject to existing tenancies

Solicitors

Wannops LLP, 54 High Street, Bognor Regis, PO21 1SP Tel: 01243 864001 FAO: Ken Poupart

Accommodation

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TENANCY SCHEDULE
19a High Street – Your Move 01/05/2007 – 10 Years £26,000 FRI
2 York Road – World of Inks 17/08/2012 – 5 Years £5,000 FRI
4 York Road – Stagecoach 25/12/2007 – 10 years £6,300 FRI
York Road Chambers – Wannops 19/08/2013 – 10 years £25,000 FRI, rent review 01/05/2018, Tenant Only Break Clause 01/05/2017
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ACCOMMODATION 19A HIGH STREET (Ground Floor): Area: 122.14 sq m 2 YORK ROAD (Ground Floor): Area: 53.84 sq m 4 YORK ROAD (Ground Floor): Area: 38.23 sq m YORK ROAD CHAMBERS (6 York Road and First and Second Floors of 2 & 4 York Road) GROUND FLOOR – 6 York Road: Area: 92.83 sq m FIRST FLOOR – 2 & 4 York Road: Area: 243.45 sq m SECOND FLOOR – 2 & 4 York Road: Area: 232.57 sq m TOTAL SITE AREA: 783.06 sq m OUTSIDE: Car Park located to the rear accessed from Belmont Street and not demised within any of the leases.

Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.