The property comprises of a substantial three storey mid terrace property of brick construction under a tile hung pitched roof. The property currently provides retail and office space for a medical clinic but it’s versatility means it could be utilised for a variety of commercial uses (subject to gaining the necessary planning consents) whilst the upper floors provide a spacious self-contained 4 bedroom maisonette flat. The property benefits from two entrances. One leading to the ground floor retail / office premises with a separate entrance providing access to the upper floors.
The ground floor provides superbly presented office / retail space benefitting from LVT flooring, electric heating, spot lighting, 18ft single glazed window frontage, 2x WCs and small kitchen area. To the rear of the ground floor is a small enclosed rear courtyard. The premises has been used as a medical clinic but could suit a variety of other commercial uses (subject to gaining any planning consents).
The first and second floors provide substantial living accommodation comprising of kitchen/diner, living room, bathroom and four bedrooms. The flat is served by its own utilities and is presented in good condition considering the long term Tenant that has been in situ.
This is seen as a rare opportunity for an owner occupier or investor to acquire a substantial freehold commercial premises with the versatility of the upper parts providing either a large residential flat or the potential of splitting the property into multiple flats or a HMO (subject to licencing).
Location
The property is situated on the southern side of Aldwick Road, an established shopping parade in the busy seaside town of Bognor Regis. Regular bus services are located directly outside the parade with on street parking a short walk away. Nearby occupiers include Tesco's Express, Kia Motors, Chez Moi and Victoria Inn Public House. Bognor Regis is a popular tourist town and the Town Centre with its array of retail outlets, leisure complex’s and eateries is approx. 1.3 miles to the east. The Town’s main railway station which provides regular services along the coast and north to London (journey time of 1 hour and 45 minutes) is located approx. 1 mile to the north. The town has superb links to the A29 and A259 trunk roads. Bognor is situated on the southcoast of England in between the cathedral city of Chichester (6 miles north west) and the seaside town of Worthing (17 miles east).
Accommodation
Ground Floor
Reception - 219 sq ft (20 sq m)
Main Treatment Room - 127 sq ft (12 sq m)
Treatment Room - 96 sq ft (9 sq m)
Ancillary Storage - 102 sq ft (10 sq m)
Kitchen - 58 sq ft (5 sq m)
Further Storage - 39 sq ft (4 sq m)
First Floor
Kitchen - 60 sq ft (5 sq m)
Bathroom - 96 sq ft (9 sq m)
Lounge - 181 sq ft (17 sq m)
Bedroom One / Dining Room - 246 sq ft (23 sq m)
Bedroom Two - 91 sq ft (9 sq m)
Second Floor
Bedroom Three - 177 sq ft (16 sq m)
Bedroom Four - 182 sq ft (17 sq m)
Bedroom Five - 95 sq ft (9 sq m)
Total - 1,769 sq ft (165 sq m)
Terms
Terms - The property is available freehold with full vacant possession upon completion.
Guide Price & VAT - £400,000 (Four Hundred Thousand Pounds)
VAT is not to be charged on the quoting terms
Business Rates & Council Tax - According to the VOA (Valuation Office Agency) the property has a rateable value of £7,800. It is therefore felt that subject to Tenant status that 100% small business rates relief may be applicable to a new Tenant.
The residential flat has a Council Tax banding of C
Legal Costs - Each party to pay their own legal costs
Anti-Money Laundering - In accordance with Anti-Money Laundering requirements, two forms of identification may 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.
Specification
- Situated in Popular Neighbourhood Shopping Parade on Outskirts of Bognor Regis
- Nearby Occupiers Include Tesco Express, Kia Motors & Host of Local Independent Retailers & Office Occupiers
- Superb Transport Links with A29, A259 & Bognor Railway Station Situated Close By
- Freehold with Full Vacant Possession
- Potential To Produce £32,000 Per Annum in Existing Form - More if further developed