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6 Ockley Rd 5,405 SF 100% Leased Retail Building Bognor Regis PO21 2HW $570,516 ($105.55/SF) 8.47% Cap Rate
Investment Highlights
- Prime Town Centre Location
- Versatile Brick-Built Premises
- Yard
Executive Summary
A fully let, income-producing freehold commercial property in the heart of Bognor Regis, offering future residential development potential (STPC). The site comprises a ground-floor warehouse (1,054 sq ft) used as a tyre centre, first-floor offices/storage (2,002 sq ft) let to a toy distribution business, and a large gated yard (5,250 sq ft) leased separately. Conveniently located just 0.3 miles from Bognor Regis train station and within walking distance of the town centre, this property presents a strong investment opportunity with an indicative residential scheme for 10 flats and positive pre-application feedback from Arun District Council. Guide Price: £450,000 (No VAT).
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
5,405 SF
Building Class
B
Year Built
1980
Price
$570,516
Price Per SF
$105.55
Cap Rate
8.47%
NOI
$48,326
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.20 AC
Frontage
26’ on Ockley Road
Amenities
- Commuter Rail
- Signage
- Energy Performance Rating - D
- Storage Space
1 1
Nearby Major Retailers
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6 Ockley Rd
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