- Freehold Mixed Investment Town centre location
- Gross annual income of £14,500 per annum
- Ground Floor Retail Unit with A1 Use and 2 Bedroom First Floor Self Contained Flat
LOCATION The property is located just off the town centre of Bognor Regis, close to the main shopping thoroughfare. The property is also within walking distance of the mainline railway station and the beach. DESCRIPTION Retail Unit The retail unit is currently let to Hayley’s New Look on a 12 year full repairing and insuring lease from 18th May 2007. The passing rent is currently £8,500 per annum. 2 Bedroom flat First Floor flat let under the terms of an assured shorthold tenancy at £500 per calendar month (£6,000 per annum) and benefits from its own private street entrance. ACCOMMODATION Retail Unit Front Retail Area: 12.3m X 4.5m max, width narrows to 2.5m Kitchen: 3.2m X 1.8m with storage cupboard Utility area: 2.6m X 1.4m with door to outside 2 x WC’s First floor Flat Kitchen: 3.3m X 2.9m Lounge: 4.5 X 3m Bathroom: bath with shower over, wash basin, toilet Bedroom 1: 3.3m X 2.8m Bedroom 2: 2.8m X 1.8m TENURE Freehold subject to existing tenancies
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.