Freehold Office Investment with Residential Redevelopment Potential.
Freehold Office Investment with Residential Redevelopment Potential.
Arundel is a highly attractive and affluent historic town on the River Arun, as well as a popular tourist town on the edge of the South Downs National Park. The property is situated in a prominent corner position on the north side of High Street over looking the River Arun and some 200 metres south of Arundel Castle. Nearby occupiers include McColls, Pizza Express and an eclectic mix of local occupiers and riverside residential properties.
Freehold.
Arundel is a highly attractive and affluent historic town on the River Arun, as well as a popular tourist town on the edge of the South Downs National Park. The property is situated in a prominent corner position on the north side of High Street over looking the River Arun and some 200 metres south of Arundel Castle. Nearby occupiers include McColls, Pizza Express and an eclectic mix of local occupiers and riverside residential properties.
Freehold.
The property comprises two interconnecting attractive office buildings currently used as services offices with office accommodation on the ground , first, second and third floors and ancillary accommodation in the basement. No 1 High Street is grade 2 listed.
The property may be suitable for residential conversion subject to consents.
The property may be suitable for residential conversion subject to consents. A certificate of lawfulness for a change of use of the upper floors to residential flats has been obtained from Arun District Council under reference AB/9/15/CLP.
Six Week Completion
See legal pack.
The property comprises two interconnecting attractive office buildings currently used as services offices with office accommodation on the ground , first, second and third floors and ancillary accommodation in the basement. No 1 High Street is grade 2 listed.
The property may be suitable for residential conversion subject to consents.
The property may be suitable for residential conversion subject to consents. A certificate of lawfulness for a change of use of the upper floors to residential flats has been obtained from Arun District Council under reference AB/9/15/CLP.
Six Week Completion
See legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Rent (gross) | |
|---|---|---|---|---|---|
| Basement | Storage | 126.50 sq m |
(1,362 sq ft) |
Vacant Possession | |
| Ground (Part) | Office | 59.92 sq m |
(645 sq ft) |
Vacant Possession | |
| First (Part) | Office | 80.54 sq m |
(867 sq ft) |
Vacant Possession | |
| Second (Part) | Office | 65.77 sq m |
(708 sq ft) |
Vacant Possession | |
| Third (Part) | Office | 50.17 sq m |
(540 sq ft) |
Vacant Possession | |
| Ground (Part) Duke | Office | 26.94 sq m |
(290 sq ft) |
INDIVIDUAL (1) | £10,800 |
| First (Part) - Bury | Office | 10.87 sq m |
(117 sq ft) |
INDIVIDUAL (1) | £5,760 |
| Second (Part) - Fitzalan |
Office | 14.68 sq m |
(158 sq ft) |
INDIVIDUAL (1) | £6,768 |
| Third (Part) - Abbey |
Office | 7.52 sq m |
(81 sq ft) |
INDIVIDUAL (1) | £3,321 |
| Total Approximate Floor Area |
442.91 sq m |
(4,768 sq ft) |
£26,649 | ||
(1) Rooms occupied individually on Licences with a 3 month notice period. The serviced office operator also provides printing and photocopying services to members of the public.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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