Fully let ground floor retail unit and self-contained one bedroom flat on upper parts
Located within attractive coastal town
Close proximity to Lancing train station
Nearby occupiers include Domino's, Boots, Poundstretcher, WHSmith, Pizza Hut and Royal Mail
Lot 46
Auction 24th October 2019
Rent £21,160 per Annum Exclusive
Status Sold
Price £224,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
9 miles west of Brighton
38 miles east of Portsmouth
58 miles south of Central London
Roads
A23, A24, A27, M23 (J11)
Rail
Lancing
Air
London Gatwick
Situation
Lancing is an an affluent and attractive coastal town situated in West Sussex, some 9 miles west of Brighton. The property is situated on the west side of North Road, close to its junction with Culver Road, in a prominent position just 0.1 miles to Lancing Train Station. Nearby occupiers include Domino's, Boots, Poundstretcher, WHSmith, Pizza Hut and Royal Mail.
Tenure
Freehold.
Location
Miles
9 miles west of Brighton
38 miles east of Portsmouth
58 miles south of Central London
Roads
A23, A24, A27, M23 (J11)
Rail
Lancing
Air
London Gatwick
Situation
Lancing is an an affluent and attractive coastal town situated in West Sussex, some 9 miles west of Brighton. The property is situated on the west side of North Road, close to its junction with Culver Road, in a prominent position just 0.1 miles to Lancing Train Station. Nearby occupiers include Domino's, Boots, Poundstretcher, WHSmith, Pizza Hut and Royal Mail.
Tenure
Freehold.
Description
The property comprises a two storey building arranged as a ground floor shop with a self-contained one bedroom flat at first floor.
VAT
VAT is applicable to this lot.
EPC
Band C. See legal pack at acuitus.co.uk.
Description
The property comprises a two storey building arranged as a ground floor shop with a self-contained one bedroom flat at first floor.
VAT
VAT is applicable to this lot.
EPC
Band C. See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground
Retail
54.82 sq m
(590 sq ft)
INDIVIDUALS t/a H G King Funeral Services (1)
5 years from 23/06/2017 until 22/06/2022 on a full repairing and insuring lease (2)
£13,000
First
Residential
One bedroom flat
INDIVIDUALS
6 month AST from 04/10/2019 until 03/04/2020 (3)
£8,160
Total Commercial Area
54.82 sq m
(590 sq ft)
£21,160
(1) H G King Funeral Services is a family run, independent funeral directors located in Lancing, West Sussex, offering a 24-hour service, supporting bereaved families in their time of need (Source: www.hgkingfuneralservices.co.uk 12/08/2019). (2) The tenant has not exercised their June 2020 option to determine and the notice period has now passed. (3) The rent has been annualised.
