21 Beach Road, Littlehampton, BN17 5JA
£143.68 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,218 sq ft
113 sq m
- SECTOR
High street retail property for sale
Key features
- Situated in Popular Beach Road, Littlehampton
- Currently Producing £14,300 Per Annum
- Lease Expires in September 2032 with No Breaks
- Potential To Increase Rent
- Net Yield of 8%
- Viewing Highly Recommended
Description
A rare opportunity to purchase the freehold of a 3 storey Victorian mid terrace property comprising of a deceptively large ground floor retail premises with three self contained sold off flats at first, second and third floors. The ground floor retail premises has traded as an Eastern European Supermarket for over 5 years and benefits from tiled flooring, 22ft double glazed frontage, CCTV, ample electrical points and suspended ceiling with LED lighting. The ground floor is largely open plan with rear store / office with WC.
The upper floor flats which have been sold off are self contained with access from the rear of the property.
Location
Beach Road is a popular secondary shopping location in the heart of Littlehampton, close to the junction with East Street and the main High Street. Nearby commercial occupiers include Ladbrokes, Lidl, Costa Coffee and Boots. Beach Road is home to a handful of independent retailers, office occupiers and restaurants and in more recent times has undergone significant regeneration, with new street furniture and paving. Littlehampton mainline railway station with its regular services along the coast and north to London (journey 1hour 45 minutes) is located approximately 0.25 miles from the subject property. The A259 coast road which has links to the A27 trunk road is located approximately 1.5 miles to the north. Littlehampton is a popular seaside town with a population in excess of 30,000 and is situated in between the cathedral city of Chichester (13 miles west) and the popular seaside resort of Worthing (9 miles east).
Terms
The property is available freehold subject to the below mentioned tenancy.
The ground floor is let to Virgis Silas Limited for a term of 15 years from 29th September 2017 at a passing rent of £14,000 Per Annum exclusive. The Tenant has no rights to break from the lease whilst the next open market rent review is in September 2027. A full copy of the Lease is available to serious applicants upon request.
The upper floor residential flats (x3) are sold off on a long leasehold basis with each paying £100 per annum in respect of ground rent.
Brochures
21 Beach Road, Littlehampton, BN17 5JA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Littlehampton Station0.3 miles
- Ford Station2.2 miles
- Angmering Station2.3 miles
About Justice & Co Commercial Limited, Worthing
307 Goring Road Goring-By-Sea Worthing BN12 4NX
An independently owned, family run, commercial estate agent and property management company based in West Sussex, we are able to provide you with a bespoke service to meet your property requirements.
If you are looking for an honest, hard working and reliable agent to sell, let or manage your commercial property then please get in touch. We are committed to maximising the clients investment and achieving the best possible outcome. Our team's vast experience of the commercial sector has
Notes
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