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Retail / Cafe / Takeaway / Investment Opportunity, 78 High Street, Shoreham-by-Sea, BN43 5DB

250 Sq Ft / Retail / Investment

For Sale - £125,000.00

Available - Last updated: 27 September 2024

The property comprises of a small ground floor kiosk unit, which for Summary many years has traded in the food related sector. The accommodation is of open plan nature with front sales area, with small store and WC located at the rear. The property benefits from tiled flooring throughout, cat 3 ceiling mounted lightening, ample electrical points, CCTV (not tested) and 20ft single pane window frontage. The property is currently fitted with a selection of commercial kitchen appliances to include fridges, freezers, oven and various chillers. There is potential for these to be included within any sale with further details available upon request.

Location

Shoreham is conveniently located between Brighton (7 miles east) and Worthing (5 miles west) and benefits from good public transport links with regular bus services and a mainline railway station providing direct links to Brighton, Gatwick Airport and London Victoria. On the outskirts of town just off the main A27 road is Holmbush Retail Park which is home to Tesco, Marks & Spencer, Next & McDonalds. More locally in the High Street you would multiple retailers to include Lloyds, HSBC, Boots and The Factory Outlet Store. Shoreham has maintained an excellent localized trading centre to include estate agents, hair salons/barbers, traditional retailers, and a number of restaurants and cafes to name but a few. The subject property is situated close to the roundabout opposite the iconic Rope Tackle Art Centre, which is multi award winning purpose built venue which presents some the best performing arts events in the United Kingdom.

Accommodation

Retail / Café / Takeaway / Office - 250 sq ft

WC - N/A

Total - 250 sq ft

Terms

The property is available by way of a Long Leasehold interest for a term of 91 years from January 1995. The lease therefore has 63 years left unexpired. The current ground rent is £25 per annum although this shall increase to £50 per annum from January 2025. A copy of the Lease is available to interested parties upon request.
 
Planning - Interested parties are asked to make their own enquiries with Worthing & Adur Council's in relation to the properties planning consent. It is felt that the property is suitable for a number of commercial uses (Food, Retail, Sui Generis, Office etc), subject to gaining any necessary permissions required.
 
Price – Offers in The Region of £125,000
 
VAT – Not To Be Charged
 
Business Rates – According to the VOA the current Rateable Value is £6,600
 
Ground Rent – Currently £25 Per Annum
 
Legal Costs – Each Party To Pay Their Own

Specification

  • Situated on Main High Street, Close To River Adur, Ropetackle Centre & All Town Centre Amenities
  • Suit Owner Occupier or Investor
  • Potential To Produce £10,000 Per Annum
  • Available With Previous Tenants Fixtures & Fittings Included (if required)
  • Suit Variety of Commercial Uses (stpc)
  • Popular & Prominent Corner Position
  • Viewing Highly Recommended

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers In The Region Of For Sale Leasehold £125,000.00 NA

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Contact agents

Jon Justice

Justice & Co

01903 650394

Sarah Justice

Justice & Co

01903 650174

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