Retail premises for sale in Aldwick Street, Bognor Regis PO21

Offers in region of £495,000 (£247.13/sq. ft)
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Retail premises for sale 2,003 sq. ft*

Property description

Residential Unit
The maisonette is accessed from a front door shared with the shop. Internal stairs lead to the first floor. There is also a rear external staircase to a roof terrace and further entrance door. Once inside, the property is arranged over two floors. As you enter there is an entrance hall which leads to a large modern kitchen. The entrance hall also leads to a cloak room and a large living/dining room which has double aspect windows.
On the second floor are two large double bedrooms. Both bedrooms benefit from substantial sized windows. There is also a large family bathroom.
Commercial Unit
The commercial element takes up the ground floor which is accessed from a shared entrance door and internal lobby. As you enter there is a large shop window which looks out onto the busy main road directly opposite a One Stop convenience store. To the rear of the unit is a treatment room as well as a cloakroom fitted with basin and toilet. There is also a door leading to rear access.
The site includes the side access road and four car parking spaces which have been let to neighbours.
Income
The shop is let to a private individual trading as a beautician on a 20-year lease from 2nd June 2003 at a rent of £6,500per annum. The tenant has expressed interest in taking a new 10-year lease.
The car parking spaces are let on a licence at £100 per month to the neighbouring garage.
The maisonette is let on an AST at a rent of £783.34 per calendar month but is considered to be worth £1,000 per month/£12,000 per annum.
The current total rental income is £17,100 per annum with the potential to increase to £19,240 per annum subject to the negotiation of new leases.

Property info

Floorplan(s): Floorplan 1

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* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Medhursts Commercial Surveyors, PO19 on +44 1243 468697 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Medhursts Commercial Surveyors, and do not constitute property particulars. Please contact Medhursts Commercial Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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