The Street, Rustington

Freehold Commercial Investment | Large Extended Double Unit | Established Long Term Tenant | Mixed Use | Rare Opportunity | Village Centre Location

A rare opportunity to acquire a commercial freehold investment in this prominent position in the centre of the bustling village of Rustington.

102 to 104a The Street is made up of a large double commercial unit with an additional two storey extension on the east side. Fully let under two commercial leases; on the ground floor is a day nursery or pre-school with extensive ancillary space, including a newly constructed conservatory, large kitchen, cloakrooms and office; the second lease is for extensive versatile office space on the first floor and a separate lock-up shop on the ground floor, known as 104a.

The property extends to almost 3000 sq. ft and is currently fully let with two established tenants providing an annual gross rental income of £29,690.

We understand that both leases are let outside of the 1954 Landlord and Tenants Act. The pre-school has a long lease with 18 years remaining, taking it up until 2043, although we understand there is a five year break clause. The office and lock-up shop are currently let on a periodic basis. This information has been provided to us by our client and we recommend you have this verified by your legal representative.
Location
The premises are located in a prominent and central position on Rustington Village’s main thoroughfare. There is a high demand for commercial premises in the village, and consequently it is rare to find an empty retail or commercial unit.

Rustington is located on the West Sussex Coastline, approximately mid-distance between the cities of Brighton and Chichester. The village enjoys a wide range of both national and independent retailers including, Waitrose, Iceland etc, along with a wide range of eateries, coffee shops and amenities.

Rustington enjoys a vibrant atmosphere with a growing population, it is expected that a strong demand will continue for properties of all types within the area.

EPC Rating – 94 D
Business Rates
Ground Floor - 102-104 Day School and Premises - £21,500
First Floor - 102 -104 Offices and Premises - £8,300