The property is located within Bognor Regis town centre, opposite the post office offering excellent passing-trade and good footfall from Butlin’s also.
The seafront is a short distance from the property and there is street parking available in the area, other occupiers include several Estate agents and Banks as well as the main pedestrianized area of London
Road being just west of the property.
The property is double fronted retail unit having an open plan sales area with additional storage space to the rear of the property.
The unit also has benefit of Kitchenette and W.C space as well as a small storage yard at the rear of the property. The unit currently has A1 Retail permission but may suit other uses (STPC) interested parties should contact the local council regarding this.
The total internal area is approx: 760sq.ft
The property is available on a new FRI lease with terms to be agreed, a minimum term of three years is required by the landlord.
The property has an asking rental of £8,950+VAT per annum exclusive with incentives also available!
The service charge payable on the property currently for the year 2016 is £1,720+VAT per annum.
The current rateable value is £9,600 with draft valuation for 2017 providing a rateable value of £11,000.
The UBR for year ending 31.03.17 is 49.7p in the £ providing a rates payable figure currently of £4,771.20. However we recommend interested parties should contact the local council to confirm the rates payable and if they are eligible for any rates relief.
Each party will be responsible for their own legal costs in relation to this transaction
An EPC report is available for all interested parties to view on request.
Will be chargeable on this transaction, interested parties must make their own enquiries to confirm.
Strictly by appointment with Landlords Agents – PARSONS SON AND BASLEY