44-56 Aldwick Road, Bognor Regis
Property Features
- FH Block, (uppers Sold off on LL)
- Currently producing £59,895pa
- Full let parade, majority on new leases
Property Summary
OIRO £675,000 FH
Full Details
Freehold ground floor commercial investment block, comprising of 7x commercial units, currently producing £58,845pax. With additional ground rent income of £1,050pa from sold off uppers.
The majority of the residential upper parts are already sold off, with 4x flats being retained by the vendor on a 999 year lease at peppercorn ground rent. Copies of the commercial leases are available for interested parties along with a full tenancy schedule for the building.
Location
Located on the North side of Aldwick Road, just outside of Bognor Regis town centre within a busy secondary parade, the parade has a good level of footfall and passing trade, the area is a popular location with a variety of others users nearby.
Viewings
Viewings can be arranged via the Vendors Sole Agents - Newlands Property.
Terms
The freehold of the property is for sale with an asking price of OIRO £675,000 subject to the existing leases in place, with the upper parts sold off on a long lease basis, collective income of £59,895pax reflecting a NIY of 8.43% allowing for purchase costs.
Available Area
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| g 44 | 746 | 69.31 | Let |
| g 46 | 793 | 73.67 | Let |
| g 48 | 619 | 57.51 | Let |
| g 50 | 614 | 57.04 | Let |
| g 52 | 666 | 61.87 | Let |
| g 54 | 256 | 23.78 | Let |
| g 56 | 237 | 22.02 | Let |
| Total | 3,931 | 365.20 |