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2-4 & 6 Ockley Road, Bognor Regis, West Sussex, PO21

Guide Price
£425,000

£47.59 per sq ft

Business rates & charges may apply

Justice & Co Commercial Limited, Worthing
SIZE AVAILABLE

8,930 sq ft

830 sq m

SECTOR

Land for sale

Key features

  • Commercial Investment Opportunity with Long Term Re-Development Potential
  • Situated in Heart of Bognor Regis, West Sussex
  • Potential For 10x Residential Flats (subject to planning). Positive Pre-App Response
  • Fully Let Investment Currently Producing £36,000 Per Annum Rising to £40,500 Per Annum By 2029
  • Net Initial Yield of 8.12%
  • Viewing Highly Recommended

Description

An opportunity to acquire a fully let and income producing commercial investment with the added potential of future residential development situated in the heart of Bognor Regis. The property comprises of a ground floor warehouse premises, currently utilised as a car tyre centre with self contained first floor offices / workroom space which is let to a storage and distribution in the childrens toy sector. Additionally there is a gated large yard area which is currently let out to a separate tyre company. The property is of standard brick construction under a tiled hung pitched roof. The site benefits from mains water and electric. The yard comprises of a series of buildings. Historically the site has been used for a variety of commercial uses however given the location it is felt that a conversion/demolition to residential could be considered subject to gaining the necessary planning consents.

Brochures

2-4 & 6 Ockley Road, Bognor Regis, West Sussex, PO21

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bognor Regis Station0.2 miles
  • Barnham Station3.6 miles
  • Ford Station5.4 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 afforded them with an enviable knowledge and understanding of the market and the intricate needs of our clients.

Our client base is broad within the public and private sectors and using our significant knowledge and experience of the local property market, we are well placed to serve all types of business. We cover a wide area that spans from Chichester to Horsham to Brighton.

Notes

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Disclaimer - Property reference JUC250013. 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 Justice & Co Commercial Limited, Worthing. 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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