Brighton: 01273 32671
Bognor Regis: 01243 868600

LOT 13

Unit 2 Central Buildings, London Road, Bognor Regis, West Sussex, PO21 1PW

Unit 2 Central Buildings, London Road, Bognor Regis, West Sussex, PO21 1PW

Property Details
Tenure

FREEHOLD

Accommodation
Ground Floor
Main retail area: 7.5m x 4.7m
Treatment room: 3m x 3.3m
Kitchen: 3.1m x 2.5m
WC with wash basin

First Floor Flat
Sold of on long lease of 999 years from 1st January 1980
Ground rent of £100 per annum

Second Floor Flat
Sold of on long lease of 999 years from 1st January 1980
Ground rent of £100 per annum

Outside
Garage 2
Let on a monthly tenancy at a rent of £750 pa


Location
The property is located just off the town centre of Bognor Regis, close to the main shopping thoroughfare. The property is also within walking distance of the mainline railway station and the beach.

Description
Retail Unit
The retail unit is currently let to Best Brows on a 5 year lease from 13th January 2015, expiring on the 12th January 2020. The passing rent is currently £11,000 per annum.


EPC
Rating B

Additional Information
*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.


  • Mixed Freehold Investment
  • Gross annual income of £11,950
  • Ground Floor Retail Unit with A1 Use

Guide Price: £110,000-£115,000*


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