1-4 Harfield Court, High Street, Bognor, PO21 1EE
Size
1,666
Tenure
Leasehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Other
- Frontage
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No floor / site plan
Key features
- Passing rent of £37,235 per annum
- Four lock up shops
- Held Long Leasehold for a term of 999 years from 30th March 1997
- Central High Street location
- Popular shopping destination
- Seeking offers in excess of £300,000 reflecting a gross yield of 12.4% and Net Initial Yield of 9.91%
Description
Harfield Court comprises an attractive retail investment opportunity arranged as three self-contained lock-up retail units on the ground floor, held on long leasehold interests. The units occupy a prominent position and benefit from frontage onto the High Street. The property offers investors a straightforward asset management opportunity within a well-established town centre location.
Location
Harfield Court is situated in the popular coastal town of Bognor Regis, West Sussex, benefiting from excellent road connections via the A29 and A27, providing access to Chichester, Worthing, Brighton and the wider South Coast. Bognor Regis railway station offers regular services to London Victoria and Gatwick Airport.
The property is conveniently located close to the town centre, within easy reach of a wide range of retail, leisure and business amenities. The seafront, railway station and main shopping areas are all within walking distance, making Harfield Court an attractive and accessible business location.
Terms
We are instructed to seek offers in excess of £300,000 reflecting a gross yield of 12.4% and a Net Initial Yield of 9.91% (assuming standard purchasers costs and allowance for service charge).
Tenure and Service Charge
The property is held virtual freehold under title number WSX253704 for a term of 999 years from 30th March 1997. There is a service charge of approximately £6,600 per annum for YE 2026.
VAT
We understand the property is not elected for VAT
Legal Costs
Each party to bear their own professional costs incurred in the transaction.
Tenancies
The property produces a current gross annual income £37,235 per annum.
EPC
The lock up shops have the below EPC ratings:
Unit 1 &2 - B46
Unit 3 - 87D
Unit 4 - 82D
Anti-Money Laundering Requirements
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
- Service charge
- £6,600
- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
1-4 Harfield Court, High Street, Bognor, PO21 1EE
About Vail Williams, Crawley
Clients value the way we work.
Whilst our expertise lies in commercial property advice, we are extremely commercially-minded, always absorbing ourselves in your world and seeing the issues from the perspective of your business. We recognise that to you the commercial outcomes are paramount. We focus on this, actively looking for commercially advantageous opportunities to deliver the maximum value in our service.
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Disclaimer - Property reference 90986-1. 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 Vail Williams, Crawley. 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.