Mixed Use Freehold Opportunity in Popular Sussex Town with Development Potential (stpc)

Location

East Street is a secondary shopping location in the heart of Littlehampton close to Beach Road and the main High Street. East Street is home to a handful of independent retailers, office occupiers and restaurants. Nearby commercial occupiers include Ladbrokes, Costa Coffee and Greggs. At the further end of East Street is the proposed new site for the town’s Premier Inn Hotel. Littlehampton mainline railway station with its regular services along the coast and the North to London (journey time 1hour 45minutes) is located approximately 0.25 miles from the subject property. The A259 coast road which has links to the A27 trunk road is located approximately 1.5 miles to the North. Littlehampton is a popular seaside town with a population in excess of 30,000 and is situated in between the cathedral city of Chichester (13 miles West) and the popular seaside resort of Worthing (9 miles East).

Description

The property comprises of a substantial and prominent two storey building of standard brick construction which has been rendered over the under tile hung pitch roof. For many years the property has occupied as a takeaway premises.

The property is being sold with full vacant possession. The ground floor provides a small waiting area with tiled flooring, ample electrical points, strip lighting and a 13.5 inch double glazed frontage.

To the rear of the ground floor is a fully fitted commercial kitchen with various gas cookers, sink, fridges and preparation stations. Further to the rear of the ground floor is a substantial storeroom and a downstairs bathroom. There is also side access leading onto the adjacent road of Stanhope Road.

The first floor provides a further three standard sized rooms for storage or possible residential development.

Accommodation

The property has the following approximate floor areas:

Ground floor Shop / Retail	180 Sq Ft
Kitchen	183 Sq Ft
Store Room	88 Sq Ft
Lean-To & WC	107 sq Ft
Rear Garage	113 Sq Ft
First Floor Room 1	156 Sq Ft
First Floor Room 2	92 Sq Ft
First Floor Room 3	84 Sq Ft
TOTAL	1,003 Sq Ft

Guide Price & VAT

£185,000 (One Hundred and Eighty-Five Thousand Pounds)

VAT- TBC

Terms and Tenancies

The property is available Freehold with full vacant possession upon completion.

Business Rates & Council Tax

The ground floor has a rateable value of £6,000 it is therefore felt, that subject to status, small business rates relief should apply. Interested parties are to refer to Arun District Council directly to verify this information.

Legal Costs

Each Party To Pay Their Own

EPC

D (94)

Anti-Money Laudering

In accordance with Anti-money laundering requirements, two forms of identification will be required from the tenant and any beneficial owner together evidence /proof Identifying the source of funds being relied upon to complete the transaction.

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