High Street, Steyning

Freehold Mixed Commercial Investment with Exciting Potential!

ERV: £47,300
Introducing a fantastic opportunity to acquire a Freehold Grade II listed period property situated in the heart of Steyning High Street. This attractive mid-terrace 4-storey building offers a versatile investment with a self-contained ground floor retail unit and vacant office spaces over the first and second floors.

Property Highlights:

Prime Location: Nestled in the vibrant and historic village of Steyning, surrounded by charming independent retailers, popular restaurants, and coffee shops. The location is further enhanced by larger commercial establishments such as The Co-Op, ensuring a steady flow of foot traffic.

Existing Rental Income: The ground floor retail unit is currently let on a 10-year effective FRI lease, which was renewed in January generating a reliable income of £18,500 per annum (exclusive).

Office Potential: The first and second floors provide a total of 4 office spaces, complete with a shared kitchen and WC, offering excellent potential for conversion into self-contained apartments (subject to necessary consents).

Projected Rent Per Office Space.

- First floor front office £600pcm
- First Floor Rear office £550pcm
-Top floor front office £650pcm
- Top Floor rear office £600pcm

Accommodation Details:

Retail Unit: Net Internal Area - 87.2 sq.m (938.6 sq.ft)

Offices: Net Internal Area - 71.4 sq.m (768.5 sq.ft)

Total Floor Area: 158.6 sq.m (1,707.1 sq.ft)

Further Details:

Tenure: Freehold

Rateable Value: Retail Unit - £11,750 | Offices - £5,400

EPC Rating: Retail Unit - TBC | Offices - D

This property presents an incredible investment opportunity with scope for future development, income growth, and capital appreciation.

Tenure: Freehold