West Lodge 2A The Steyne 3,422 SF 100% Leased Retail Building Bognor Regis PO21 1TP $776,738 ($226.98/SF) 8.65% Cap Rate

This is a prime freehold, well-let restaurant investment prominently located on the seafront in Bognor Regis. The property is fully let to La Vida Ltd on a new 20-year effectively full repairing and insuring (FRI) lease from February 2026, with upward-only rent reviews every five years and a tenant break option in March 2031. The passing rent is structured on a stepped basis, with the vendor topping up the first year to £50,000 per annum. Additional income is generated from five long-leasehold flats above, contributing £600 per annum, bringing total income to £50,600 per annum. The property benefits from strong seaside fundamentals, significant local investment, and an EPC rating of A, making it an attractive, secure investment opportunity.