Under Offer
This property is not currently available. It may be sold or temporarily removed from the market.
For Sale

40 High Street, Littlehampton

794.09 Sq Ft
  • Ref: 180039
  • Type: Retail
  • Availability: Under Offer
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Property Features

  • Investment Opportunity
  • Newly constructed
  • Town Centre Position

Property Summary

FOR SALE - High Street Retail Investment
OIRO £140,000 FH

Full Details

A newly constructed retail space, the property has just undergone a full refit following conversion and has just been let on a new 10 year FRI lease commencing 7th September 2023 with 5 year break option at passing rental of £12,750 per annum exclusive and upward only open market review end of year 5 of the lease.

Located in the heart of Littlehampton town centre on the South side of the High Street, the property occupies a prominent position with Sainsbury's located opposite and Costa Coffee also nearby.

Littlehampton train station is just a short walk away with pay and display parking also nearby to the property.

Viewings can be arranged via the Vendors Sole Agent Newlands Property

The property is available on a freehold basis with the upper parts sold off on a new 999 year lease with peppercorn ground rent. Offers are invited in the region of £140,000 which would equate to a net initial yield of 8.95% after purchase costs.

**VAT is applicable to this purchase.

Available Area

Name/FloorSq FtSq MAvailability
g Ground Floor Retail794.0973.77Let