The property comprises a three-storey building with ground floor shop trading as a takeaway and 2 self-contained flats above. The property is of standard cavity brick construction under a pitched roof.
The ground floor, currently used as an Indian takeaway, has tiled flooring and suspended ceiling with downlighting. The unit has a customer seating area to the front, a serving counter to the rear and behind this a commercial fitted kitchen, office, three further storage rooms and a shower room/WC.
The flats above are accessed via separate pedestrian entrances.
Flat 80A is a two-bedroom maisonette and comprises a lounge, kitchen, WC and bedroom on the first floor, with a further double bedroom and bathroom on the second floor. The flat presents well with ample power points, and gas central heating.
Flat 80B is accessed from a door to the rear of the property and benefits from lounge, double bedroom, kitchen and bathroom. The flat is presented in good decorative order, with night storage heating, and carpeting throughout. Both flats have double glazed windows.
To the rear of the property is a yard area with parking space for 2 vehicles.
Location
Bognor Regis is a popular seaside town in West Sussex situated 24 miles west of the City of Brighton and 6 miles southeast of Chichester. Aldwick Road is a busy secondary shopping parade with occupiers including Tesco Express, various professional occupiers, a barber’s shop and a Kia car dealership. Bognor Regis benefits from a mainline railway station which is a short walk from the premises and has regular services along the south coast and to London.
Accommodation
The property has the following approximate floor areas:
Ground Floor Retail Area
Frontage- 14'
Serving Area - 343 sq ft
Kitchen - 163 sq ft
Office - 62 sq ft
Store Room - 139 sq ft
Store Room - 102 sq ft
Store Room - 102 sq ft
Shower Room/WC unmeasured
Total Area - 911 sq ft
Flat A (2 bedroom)
Lounge - 205 sq ft
Kitchen - 64 sq ft
Separate WC unmeasured
Bathroom unmeasured
Bedroom One - 117 sq ft
Bedroom Two - 90 sq ft
Total Area 476 sq ft
Flat B (1 bedroom)
Lounge - 134 sq ft
Bedroom - 108 sq ft
Bathroom unmeasured
Kitchen - 63 sq ft
Total Area - 305 sq ft
Terms
Tenure - The property is available freehold subject to the below mentioned tenancies.
Tenancies - The ground floor is let for a term of 15 years from 2015 to 2030 at a passing rent of £9,000 per annum exclusive, with increase to £10,000 per annum and payable from June 2023.
A full copy of the lease is available to interested parties upon request.
Flat A is let and is currently holding over on a tenancy agreement from December 2017 at a rent of £900 per month (£10,800 per annum)
Flat B is let on a 12 month AST agreement expiring on 25th November 2023 at a rent of £705 pcm (£8,460 per annum).
Business Rates & Council Tax - According to the VOA the ground floor currently has a rateable value of £8,100. This will be increasing to £8,100 from 1 April 2023. We are verbally informed that the flats have a council tax banding of A.
EPC:
The ground floor premises has an EPC rating of D(91).
Flat 80a - Rating of D(57)
Flat 80b - Rating of E(51)
Guide Price - Offers in excess of £350,000 (Three Hundred & Fifty Thousand Pounds)
VAT - We understand that VAT is not to be charged on the purchase price.
Legal Fees - Each party to pay their own legal costs unless otherwise agreed.