40 High Street, Littlehampton

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.

Location
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
Viewings can be arranged via the Vendors Sole Agent Newlands Property

Terms
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