High Street, Littlehampton, BN17 5EA

£350,000

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Property Summary

A substantial Freehold building comprising retail premises with display frontage onto the High Street with offices to the first floor (unused by tenant). There is a rear entrance and yard / parking area for deliveries.

Additionally, there is a 1 bedroom flat with separate private entrance to the rear of the building called Sparks View.
Commercial The ground floor sales area extends to circa 2,000 sq.ft. and the first floor offices extends to circa 800 sq.ft. and is within the pedestrianised section of the High Street. Commercial premises in the vicinity include Sainsburys, Betfred Casino, William Hill, New Look, Superdrug, Card Factory, Greggs, Costa, The Post Office and Halifax. Additionally, there are smaller retail units comprising, charity shops, pet shops and beauty services.

Above Cassino Amusements is a 4-room office (included in their lease) which could be converted to residential, subject to all necessary planning consents and reconfiguration of access in order to take full advantage of the space. Fire regulations prevent use of this part of the building, owing to a lack of escape.

There is a 10-year lease from 20 January 2020 with a break clause at 20 January 2025.

Terms are Full Repairing and Insuring, subject to a Schedule of condition. Lease and schedule available on request.

Residential The subject flat, Sparks View, is accessed by a private entrance at the rear only, via Sparks Court with easy access to the amenities of the High Street, Littlehampton Town Centre and train station.

The flat is located on the first floor and comprises 1 double bedroom, open plan kitchen / living area and shower room / WC. The accommodation extends to 43 sq.m.

It is currently let on an Assured Shorthold Tenancy.

lot type

Mixed Use

situation

The property is located close to the amenities of the High Street, Littlehampton Town Centre and train station.
Tenancy Sparks View flat is held on an Assured Shorthold Tenancy Agreement for a term of 12 months from 03 November 2022. The rent payable is £8,340 pa.
The commercial lease is held under title number WSX415705 for a term of 10 years from 20 January 2020 and ending on 19 January 2030, with a break date on 20 January 2025. The initial rent of £22,000 pa and then as revised pursuant to the lease. The review date is on 20 January 2025.
Buiness Rates The current rateable value (01 April 2023 to present) is £23,000.
Floor Areas Commercial
295 sqm
Residential
43 sqm

private treaty - sale status

SOLD 2024

type

Freehold Mixed Residential/Commercial Investment

description

A substantial Freehold building comprising retail premises with display frontage onto the High Street with offices to the first floor (unused by tenant). There is a rear entrance and yard / parking area for deliveries.

Additionally, there is a 1 bedroom flat with separate private entrance to the rear of the building called Sparks View.
Commercial The ground floor sales area extends to circa 2,000 sq.ft. and the first floor offices extends to circa 800 sq.ft. and is within the pedestrianised section of the High Street. Commercial premises in the vicinity include Sainsburys, Betfred Casino, William Hill, New Look, Superdrug, Card Factory, Greggs, Costa, The Post Office and Halifax. Additionally, there are smaller retail units comprising, charity shops, pet shops and beauty services.

Above Cassino Amusements is a 4-room office (included in their lease) which could be converted to residential, subject to all necessary planning consents and reconfiguration of access in order to take full advantage of the space. Fire regulations prevent use of this part of the building, owing to a lack of escape.

There is a 10-year lease from 20 January 2020 with a break clause at 20 January 2025.

Terms are Full Repairing and Insuring, subject to a Schedule of condition. Lease and schedule available on request.

Residential The subject flat, Sparks View, is accessed by a private entrance at the rear only, via Sparks Court with easy access to the amenities of the High Street, Littlehampton Town Centre and train station.

The flat is located on the first floor and comprises 1 double bedroom, open plan kitchen / living area and shower room / WC. The accommodation extends to 43 sq.m.

It is currently let on an Assured Shorthold Tenancy.