44-56 Aldwick Road, Bognor Regis, PO21 2PN
£146.27 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,931 sq ft
365 sq m
- SECTOR
High street retail property for sale
Key features
- FH Block, (uppers Sold off on LL)
- Currently producing £59,895pa
- Full let parade, majority on new leases
Description
Freehold ground floor commercial investment block, comprising of 7x commercial units, currently producing £58,845pax. With additional ground rent income of £1,050pa from sold off uppers.
The majority of the residential upper parts are already sold off, with 4x flats being retained by the vendor on a 999 year lease at peppercorn ground rent. Copies of the commercial leases are available for interested parties along with a full tenancy schedule for the building.
Location
Located on the North side of Aldwick Road, just outside of Bognor Regis town centre within a busy secondary parade, the parade has a good level of footfall and passing trade, the area is a popular location with a variety of others users nearby.
Viewings
Viewings can be arranged via the Vendors Sole Agents - Newlands Property.
Terms
The freehold of the property is for sale with an asking price of OIEO £575,000 subject to the existing leases in place, with the upper parts sold off on a long lease basis, collective income of £59,895pax reflecting a NIY of 9.92% allowing for purchase costs.
Energy Performance Certificates
EPCBrochures
44-56 Aldwick Road, Bognor Regis, PO21 2PN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bognor Regis Station0.5 miles
- Barnham Station4.0 miles
- Chichester Station5.5 miles
Notes
Disclaimer - Property reference 232444-1. 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 Newlands Property, Newlands Commercial Limited. 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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