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Retail & Residential Investment, 61-63 High Street, Littlehampton, BN17 5EJ

2,370 Sq Ft / Retail / Investment

For Sale - £350,000.00

Available - Last updated: 19 November 2024

The property comprises of a ground and first floor commercial building of brick construction under a tile hung pitched roof. The double fronted ground floor retail premises has traded as various commercial uses over the past 10 years from retail to leisure.
 
The substantial ground floor provides open plan retail space to front with various store rooms, a kitchen and a WC at the rear. There is also a rear fire door which leads onto a rear access road which could be suitable for deliveries. The shop benefits from laminate flooring to front (concrete flooring at rear), suspended ceiling with inset lighting, ample electrical points, 46ft single glazed window frontage and air conditioning (not tested). The ground floor is available for immediate occupation.
 
The self contained first floor is accessed via private door to the right of the shop with internal stairs leading to kitchen, lounge, bathroom, separate WC and two double bedrooms. The flat benefits from gas central heating, laminate flooring, double glazing and does require some modernisation.

Location

Littlehampton is a popular West Sussex town located on the southcoast between the city of Brighton (23 miles east) and the cathedral city of Chichester (13 miles west). The town, which has a population of approx 20,000, is served by the A259 and A27 roads whilst Littlehampton mainline railway station where services to Brighton (40 minutes), Southampton (1 hour 20 minutes) and London Victoria (1 hour 40 minutes) are located is situated 0.25 miles from the subject property. The property occupies a prominent position within the pedestrianed High Street with nearby occupiers including Greggs, Costa Coffee, Sainsburys and Superdrug.

Accommodation

Ground – Main Retail Area - 851 sq ft

Ground – Ancillary Store One - 305 sq ft

Ground – Ancillary Store Two - 134 sq ft

Ground – Kitchen / Offices / Stores - 339 sq ft

First Floor – Kitchen - 148 sq ft

First Floor – Lounge - 227 sq ft

First Floor – Bedroom 1 - 169 sq ft

First Floor – Bedroom 2 - 139 sq ft

Frist Floor - Bathroom - 58 sq ft

TOTAL - 2,370 sq ft

Terms

The property is available freehold subject to vacant possession on the ground floor and an AST Agreement on the first floor flat.
 
The ground floor is vacant.
 
The first floor residential flat is let to a private tenant on a 12 month AST Agreement from June 2023 at a passing rent of £925 per calendar month. A lease renewal is currently being discussed.
 
Guide Price - £350,000
 
VAT – Not To Be Charged
 
Business Rates – RV=£20,000
 
Council Tax – Band B
 
Legal Costs – Each Party To Pay Their Own

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £350,000.00 NA

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Contact agents

Jon Justice

Justice & Co

01903 650394

Sarah Justice

Justice & Co

01903 650174

Isla Ford

Justice & Co

01903 650164

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