The property currently comprises of a variety of interlinking commercial spaces which have fallen into fairly poor condition and are currently being used as a builders store throughout. Historically we understand that the front retail space traded as a radio station and it is felt that if refurbished the retail space could also be utilised as offices if required. Currently the property benefits from 10' window frontage, carpeting to the main retail area, suspended ceiling with inset lighting and ample power points. In addition to the main retail space there is a lower ground floor store accessed via steep concrete steps with a fair size open plan space with good head height. The lower ground floor benefits from concrete flooring throughout, power and strip lighting. The final area within the demise is the paint store which interlinks with the main retail space but also has separate access if required. The warehouse has chipboard flooring, suspended ceiling with inset lighting and is open plan in nature. Due to its versatility the property could be utilised for a variety of different uses and could, subject to gaining the necessary planning consents be converted into residential dwellings.
Please note the hoardings at the front of the property are not included within the sale.
Location
The property is situated on West Street in Bognor Regis close to the junction with West Street and Sadler Street. Bognor Regis is a popular south coast tourist and holiday destination situated in West Sussex some 6 miles southeast of the cathedral city of Chichester, 16 miles east of Portsmouth and 18 miles west of the popular seaside town of Worthing. Bognor mainline railway station with its regular services along the south coast and north to London is situated 1 mile to the north of the subject property. Immediate occupiers include a public house, fish and chip shop and a launderette.
Accommodation
The property has the following approximate floor areas:
Main Retail/Office Space
Retail Area - 175 Sq Ft
Mezzanine Level - 267 Sq Ft
Rear Store - 110 Sq Ft
Kitchen - 47 Sq Ft
WC unmeasured
Paint Store
Warehouse - 590 Sq Ft
Lower Ground Floor
Store - 565 Sq Ft
TOTAL AREA - 1,754 Sq Ft
Terms
Tenure - The property is available freehold with full vacant possession upon completion.
Sale Price - Offers in Excess of £140,000
VAT - We are informed that VAT is not to be charged on the purchase price.
Business Rates - According to the VOA (Valuation Office Agency) the property has the following rateable values:
Basement Store £475
Claremont Works £8900
Legal Costs - Each party to pay their own legal costs incurred in this transaction.