34 Crabtree Lane, Lancing, West Sussex, BN15 9PQ

Location

The premises is located just over half a mile from Lancing town centre with its range of shopping facilities, cafes and restaurants. Lancing mainline train station is situated 0.6 miles away and provides short commuting routes to Worthing and Brighton. Local bus services also pass close by providing access to surrounding areas and offering easy access to the A27.

Description

This mid-terraced property presents an opportunity to acquire a ground floor commercial premises, currently let and generating an annual rental income of £12,000.

The unit features a predominantly open-plan layout, with a rear storage room, WC, and a single access door to the rear. It is currently let on a 20-year lease commencing in 2021.

Please note, the residential upper parts have been sold off and do not form part of the demise.

Price

Offers are invited in the region of £130,000 for the freehold interest.

Tenure Comments

Freehold investment

Rent

The premises are let on a 20 year lease, from 2022, at a current rent of £12,000 per annum, exclusive.


EPC

The property has an EPC rating of C - 59.

VAT

We are informed that VAT is not applicable on the terms quoted.

Use

We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents,
Jacobs Steel.