Kenya House 61, 63 & 65 High Street Bognor Regis West Sussex PO21 1RY

Kenya House
61, 63 & 65 High Street
Bognor Regis
West Sussex
PO21 1RY

Freehold Retail and Residential Ground Rent Investment

  • Prominent High Street Location
  • Four Retail Units with Residential Above
  • Nearby occupiers include Iceland, Morrisons Supermarket, JD Wetherspoon, Natwest, William Hill and HSBC
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    80
  • Auction
    13th October 2016
  • Rent
    £51,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £500,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Ground Rent Investment

  • Prominent High Street Location
  • Four Retail Units with Residential Above
  • Nearby occupiers include Iceland, Morrisons Supermarket, JD Wetherspoon, Natwest, William Hill and HSBC
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 80
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £500,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
7 miles south-east of Chichester, 24 miles west of Brighton, 37 miles south of Guildford
Roads
A3, A27, A280
Rail
Bognor Regis Rail
Air
London Gatwick International
Situation

The property is situated at the western end of the High Street at its junction with Lennox Street. Nearby occupiers include Iceland, Morrisons Supermarket, JD Wetherspoon, Natwest, William Hill and HSBC.

Tenure

Freehold.

Location
Miles
7 miles south-east of Chichester, 24 miles west of Brighton, 37 miles south of Guildford
Roads
A3, A27, A280
Rail
Bognor Regis Rail
Air
London Gatwick International
Situation

The property is situated at the western end of the High Street at its junction with Lennox Street. Nearby occupiers include Iceland, Morrisons Supermarket, JD Wetherspoon, Natwest, William Hill and HSBC.

Tenure

Freehold.

Description

The property comprises three retail units fronting the High Street, two of which have been combined to create one large unit. Additionally there is one retail unit fronting Lennox Street trading as a cafe and benefiting from an outdoor seating area. There are three residential flats on the above floors which have been let on long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises three retail units fronting the High Street, two of which have been combined to create one large unit. Additionally there is one retail unit fronting Lennox Street trading as a cafe and benefiting from an outdoor seating area. There are three residential flats on the above floors which have been let on long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
61 High Street
- Unit 1
Ground Estate
Agent
49.24 sq m
(530 sq ft)
LEADERS LIMITED
t/a Leaders Estate
Agents (1)
15 years from
06/11/2009 (2)
£12,000 06/11/2019
(05/11/2024)
63 High Street
- Unit 2
Ground Estate
Agent
98.01 sq m
(1,055 sq ft)
LEADERS LIMITED
t/a Leaders Estate
Agents (1)
10 years from
28/03/2013 (3)
£18,600 28/03/2018
(27/03/2023)
65 High Street
- Unit 3
Ground Retail
41.16 sq m
(443 sq ft)
INDIVIDUAL t/a
Tonsorial Parlor
10 years from
14/07/2015
£9,500 14/07/2020
(13/07/2025
2 Lennox
Street
Ground Retail
76.18 sq m
(820 sq ft)
SIMPLY DELICIOUS
(BOGNOR
REGIS) LIMITED
12 years from
24/09/2008
£11,250 (23/09/2020)
1 Uppers Residential
Not Measured
INDIVIDUAL 99 years from
25/12/1986 until
24/12/2085
£50 25/12/2019 and
25/12/2052
2 Uppers Residential
Not Measured
INDIVIDUAL 99 years from
25/12/1986 until
24/12/2085
£50 25/12/2019 and
25/12/2052
3 Uppers Residential
Not Measured
INDIVIDUAL 99 years from
25/12/1986 until
24/12/2085
£50 25/12/2019 and
25/12/2052
Total Approximate Commercial Floor Area
264.59 sq m
(2,848 sq ft)
    £51,500

(1) Leaders is one of the UK's premier letting and estate agents, with more than 100 branches across the country offering a host of property services. (Source: www.leaders.co.uk 12/09/2016)
(2) The lease provides an option to determine on 06/11/2019
(3) The lease provides an option to determine on 26/03/2020

Property Documents

  • Site Plan
    Updated Date
    21.09.16
    File Size
    82 KB
    View PDF
  • Catalogue Page
    Updated Date
    21.09.16
    File Size
    756 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds 1 Callaghan Square
Cardiff
CF10 5BT
Alexandra Shapland 0292 047 7210AlexShapland2@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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