The property comprises of an extensive ground floor A1 retail space (currently vacant), with additional storage space and three garages which have been converted into a fitted cafe seating area.
In addition, the property also has above 7 flats, comprising of 6 x one bed's, let for £595pcm each and 1x two bed flat let for £650pcm providing a total income of circa £75,640 p.a in total once the shop has been let.
Externally there is ample off-road parking allocated to the commercial part, there is also potential for re-development of the commercial part of the property to other uses (STPC)
The property is situated on a corner plot opposite the well-known Royal Oak pink pub in the North Bersted area of Bognor Regis. There is a high level of passing traffic on a daily basis with this being one of the main link roads to Chichester.
Ground floor retail + storage - 2,377sq.ft (Parking area not measured)
Flat 1 - 419.64sq.ft
Flat 2 - 656.36sq.ft
Flat 3 - 656.36sq.ft
Flat 4 - 505.72sq.ft
Flat 5 - 408.88sq.ft
Flat 6 - 462.68sq.ft
Flat 7 - 494.96sq.ft
Please see legal pack
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.
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.