Queensway, Lancing
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold Investment Opportunity
- Prominent Parade
- Lancing Village Centre
- Fantastic Yield
- 7 Commercial Units
- Leasehold Flat Renewal Opportunity
- Sole Agents
- Ground Rent Income
Description
Commercial Units - 1. Queensway, LancingTruffles - bakers/caféLease dates: 21/05/22 - 21/05/2032Annual Rent: 19,530
2. Queensway, LancingC Ratis - deli/caféLease dates: 26/06/2023 - 26/06/2028Annual Rent: 9,000
3-4. Queensway, LancingFireaway Pizza - takeawayLease dates: 27/08/2019 - 26/08/2029 (10 years)Annual Rent: 12,000
5. Queensway, LancingStanely Ale House - pubLease dates: 01/05/2018 - 30/04/2022 (want to renew)Annual Rent: 12,000
6-7. Queensway, LancingO'Curniciello - Italian restaurantLease dates: 26/08/2020 - 25/08/2030 (10 years)Annual Rent: 19,000
The current owner would be open to offer for these units only, as number 8 and flat 14 are detached and currently have interest from the tenants to buy.
Total income £71,530 per annum.
Residential Units - Flat 9. 99 years from 2002
Flat 10. 99 years from 2002
Flat 11. 99 years from 2002
Flat 12. 125 years from 2012
Flat 13. 99 years from 2002
Tenure - The property is available freehold subject to the mentioned leases.
Vat - We understand VAT is not charged on the purchase price.
Legal Fees - Each party to pay their own legal costs unless otherwise agreed.
Viewing - Strictly by appointment only through Robert Luff & Co.
Brochures
Queensway, LancingQueensway, Lancing
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lancing Station0.1 miles
- East Worthing Station1.5 miles
- Shoreham-by-Sea Station2.2 miles
About Robert Luff & Co, Lancing
5-7 South Street, Lancing, West Sussex BN15 8AP
Robert Luff and Co have fast built a reputation for being one of Lancing and Worthing's most dynamic and innovative Estate and Letting Agents. Working harder for their clients and promoting property through local, internet and out of area advertising, Robert Luff and Co are often successful where others have not been. We'd love you to try Robert Luff and Co to experience the difference for yourself.
About our Lancing BranchPerfectly situated just opposite the railway station, James and his team are exceptionally busy dealing with all the properties in one of the UK's largest villages. With huge demand for the area from commuter buyers, James is rightly known as Lancing's Hardest Working Agent! Conveniently open until 18:30 Monday - Friday, our office is perfectly located for commuters and people out and about doing their weekly shop.
Notes
Disclaimer - Property reference 33126132. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Robert Luff & Co, Lancing. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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