Summary
A rare opportunity to purchase this substantial Grade II Listed building situated on a large site with front forecourt parking and large rear garden, and located in a prime position on St Marys Road, Shoreham. The property is mostly vacant but benefits from a tenant in rooms 5-9. The property offers the potential to convert into residential accommodation, subject to necessary planning consents
Key Points
Substantial Grade II Listed buildingForecourt parkingLarge rear gardenPotential to convert into residential accommodation, subject to necessary planning consentsTenant
Let to Maxwell-Deen Dentistry Ltd and held on an effective full repairing and insuring lease inside LTA 1954 for a term of 15 years from 6 May 2014. The current passing rent is £9,000 per annum exclusive.
Rateable Value
Rooms 1-4 - £8,500
Rooms 5-9 - £7,900
Rooms 10-11 - £2,800
Room 12 - £1,800
Room 13-18 - £11,250
Room 20-24 - £7,500
EPC's
Rooms 5-9 – B 83
Rooms 13-18 – D 81
Rooms 20-24 – B 92
Location
Situated on St Marys Road, Shoreham-By-Sea within the jurisdiction of Adur and approximately 5.7 miles to the west of central Brighton and Hove. The property is within the commercial area of the town centre, occupying a central position and close to East Street. Shoreham-By-Sea railway station is in close proximity and only a short walk away.
Terms
Offers are invited in the region of the £500,000 for the freehold interest of the property (subject to existing tenancy).