Brighton: 01273 326171
Bognor Regis: 01243 868600

LOT 2

209 Pagham Road, Nyetimber, Bognor Regis, PO21 3QD

209 Pagham Road, Nyetimber, Bognor Regis, PO21 3QD

Property Details
Tenure

FREEHOLD

Description
Freehold commercial investment comprising of ground floor currently let to Betting Shop which will be vacant at the time of completion.
The ground floor has the benefit of 3 different planning consents, each of which have not yet been implemented but consist of A2 office use, D1 non-residential institution use, C3 residential use.
Therefore amongst uses as described, the property is ideally suited for conversion into 2 self-contained flats as the first floor, we are advised, enjoys existing residential use with the commercial tenant paying rates in respect of the ground floor and council tax for residential purposes in respect of the first floor.
Subject to planning permission, it is considered that the existing roof space might be suitable for further development. Subject to any necessary consents, it may be possible to alter the current planning permission and convert the ground floor flat into a two bedroom unit instead of the current consent that provides for a one bedroom flat.

Ground Floor:
45.18 m sq total
First Floor:
42.52 m sq

As listed below are a note of the 3 planning permission reference numbers and links to the Council website.

https://www.arun.gov.uk/weekly-lists

A2 Application: Ref P/24/19/PL
D1 Application: Ref P/23/19/PL
C3 Application: Ref P/25/19/PD

The property benefits from a garden/2 parking spaces and access and a rear entrance.

EPC
Rating E

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.


  • Freehold Commercial Investment
  • Consent For 2 x 1 Bedroom Flats
  • Scope to Extend Further (STPP)

Guide Price: £120,000 - £130,000*


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