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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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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

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

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

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