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Bognor Regis Town Centre

Bognor Regis
For sale by auction

Guide price

£160,000 Guide Price
LOT SOLD

About this property

Property Summary

SOLD PRIOR TO AUCTION

Guide Price £160,000

Excellent opportunity to purchase this mixed use freehold investment producing a very high yield of 9.6% producing a passing rent of £15,320 per annum.

The ground floor commercial unit is currently let to Ladbrokes on a FRI lease expiring during 2028 at a passing rent of £9,500 per annum which is considered to be lower than market value. Ladbrokes have been in this same unit for the past 40 years whilst the property itself has been within the same family ownership since the 1940's.

We are advised the GIA of the commercial unit is 74.7 sq m.
(Please be advised we have not confirmed this measurement therefore it's accuracy should not be relied upon).

The first floor flat is currently let on a AST at a monthly rent of £485 pcm/£5,820 per annum. The flat is dated and therefore has scope for significant capital and rental uplift.

Situated within this vibrant main stream location in the heart of Bognor Regis town center with many local facilities close by. The town itself is serviced by excellent train services across the south coast together with other transport links including bus services.

First Floor Flat is approximately 46 sq m in size whilst the EPC rating is currently E with potential to increase to D.

The Ground Floor Commercial is approximately 54.9 sq m.

*Fees apply please refer to legal pack*

Property Features

Property Features

  • SOLD PRIOR TO AUCTION
  • Mixed Use Freehold Investment
  • Currently Fully Let
  • Producing an Income of 15,320 Per Annum
  • High Yielding Return of 9.6 Percent
  • Superb Town Centre Location
Register to bid

Auction date and time

24th June 2026

Auction location

The Hove Club
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

Let's Talk

Lot and auction information, viewings and advice

Simon Caplin, Head of Auctions

Simon Caplin

Tel:
01273 762039

Email:
simonc@psandb.co.uk

Lucy

Lucy Rowland

Tel:
01273 762039

Email:
lucyr@psandb.co.uk

Important notice – Pre-registration approaval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid
PS&B require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to
pre-register.

Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made).

Guide Prices

  1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
  2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
  3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
  4. All guide prices are quoted “subject to contract”.
  5. Please note the guide price for the Lot does not include:
    – any Buyers’ Fee charged by the auctioneers;
    – VAT on the sale price;
    – SOLT or any other Government taxes;
    – additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
  6. If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do not call our office about this – the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices
The reserve price is the minimum price at which the Lot can be sold.

For more information see Important Notes for Bidders

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