Description

  • Leasehold Vacant Ground Floor Retail Unit Providing Approx 41m2 of Retail Area
  • High Yielding Commercial Investment
  • Situated within a Popular Local Parade
LOCATION Pagham is situated to the west of Bognor Regis, on the attractive West Sussex coastline. It is a popular seaside and holiday destination with a substantial residential population. The property forms part of The Parade a small neighbourhood shopping precinct in a primarily residential area. DESCRIPTION The property is a vacant self-contained lock-up shop with a full height width glazed display window. The unit has the benefit of a cloakroom and a small outside area to the front below the canopy along with ample free parking around the parade. The property would suit a variety of uses (STNC) interested parties should contact the local council regarding any potential change of use. The property is being sold with vacant possession however, it is anticipated a rental amount of approximately £90-£100 per week (£4,680-£5,200 per annum) is achievable. ACCOMMODATION Front Retail Area: 7.4m x 4.7m. Rear Retail Area: 1.9m x 1.5m. Hallway: Door to rear of building. Cloakroom with low level WC Rear Store Room: 1.9m x 1.8m. Total Internal Floor Area Approximately 41 SQ M OUTGOINGS LEASE: 199 years from 29th September 2008 GROUND RENT: Please refer to legal pack MAINTENANCE: Please refer to legal pack TENURE Leasehold with vacant possession

Solicitors

Rice-Jones & Smiths, 7 Ely Place, London, EC1N 6RY Tel: 020 7831 2506 Contact: Steve Haywood

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.