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Investment Highlights
- Tenure: Freehold
- Price: £265,000
- Type: Investment
Executive Summary
Selsey is a seaside town situated approximately 8 miles to the south of Chichester and 7 miles to the west of Bognor Regis. The town is well connected by road with the B2145 giving direct access to Chichester and the A27 (east/westbound routes). A Google Street View of the High Street can be viewed through Google Maps by typing in the property’s postcode PO20 0QB.
The property comprises a let retail shop and vacant one-bedroom, self-contained flat above; the flat is accessed at the rear.
Tenancies
Commercial Shop (Trading as Waves Café & Sandwich Bar)
The premises are let to a private individual on an 8-year lease term from the 1st of November 2019 (expiry 31st of October 2027) at a passing rent of £12,670 per annum exclusive.
Residential Flat
The residential flat is being offered with vacant possession; our local lettings department have indicated that a rent of £800 pcm could be achieved on a new letting.
Tenure
Freehold interest, subject to the above commercial tenancy.
Guide Price
£265,000
Anti-Money Laundering
In accordance with Anti-Money Laundering requirements, upon an agreement of Heads of Terms, a mandatory Tenant/Purchaser, Know Your Customer (KYC) documentation request will be made.
Viewing Arrangements
Strictly by appointment through SOLE SELLING AGENTS
Henry Adams Commercial www.henryadams.co.uk/commercial
The property comprises a let retail shop and vacant one-bedroom, self-contained flat above; the flat is accessed at the rear.
Tenancies
Commercial Shop (Trading as Waves Café & Sandwich Bar)
The premises are let to a private individual on an 8-year lease term from the 1st of November 2019 (expiry 31st of October 2027) at a passing rent of £12,670 per annum exclusive.
Residential Flat
The residential flat is being offered with vacant possession; our local lettings department have indicated that a rent of £800 pcm could be achieved on a new letting.
Tenure
Freehold interest, subject to the above commercial tenancy.
Guide Price
£265,000
Anti-Money Laundering
In accordance with Anti-Money Laundering requirements, upon an agreement of Heads of Terms, a mandatory Tenant/Purchaser, Know Your Customer (KYC) documentation request will be made.
Viewing Arrangements
Strictly by appointment through SOLE SELLING AGENTS
Henry Adams Commercial www.henryadams.co.uk/commercial
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
248 SF
Building Class
C
Year Built
1900
Price
$354,966
Price Per SF
$1,431.32
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
0.45 AC
Amenities
- Signage
1 1
Nearby Major Retailers
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
147 High St
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