Unit 4, 55 London Rd Bognor Regis West Sussex PO21 1GG

Unit 4, 55 London Rd
Bognor Regis
West Sussex
PO21 1GG

Town Centre Retail Investment

  • Retail unit let until 2035
  • Town centre location within a two minute walk from the pedestrianised London Road
  • Nearby occupiers include Dulux, Mind and Oxfam
  • Tenant in occupation since 2000
  • Lot
    56
  • Auction
    28th March 2018
  • Rent
    £10,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £103,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager
  • Expand
  • Photos
  • Map

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

Town Centre Retail Investment

  • Retail unit let until 2035
  • Town centre location within a two minute walk from the pedestrianised London Road
  • Nearby occupiers include Dulux, Mind and Oxfam
  • Tenant in occupation since 2000
  • Lot 56
  • Auction 28th March 2018
  • Rent
  • Status Sold
  • Price £103,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager

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 Airport
Situation

Bognor Regis is a seaside town in West Sussex some 7 miles south-east of Chichester. The property is situated on the eastern side of London Road, close to its junction with Lyon Street. The pedestrianised area of London Road is a two minute walk away and houses occupiers including Store Twenty One, Boots the Chemist and Poundland. Other nearby occupiers include Dulux, Mind and Oxfam.

Tenure

Virtual Freehold. Held for a term of 999 years from 24/06/1990 until 23/06/2989 at a peppercorn rent.

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 Airport
Situation

Bognor Regis is a seaside town in West Sussex some 7 miles south-east of Chichester. The property is situated on the eastern side of London Road, close to its junction with Lyon Street. The pedestrianised area of London Road is a two minute walk away and houses occupiers including Store Twenty One, Boots the Chemist and Poundland. Other nearby occupiers include Dulux, Mind and Oxfam.

Tenure

Virtual Freehold. Held for a term of 999 years from 24/06/1990 until 23/06/2989 at a peppercorn rent.

Description

The property comprises a ground floor retail unit forming part of a larger building.

VAT

VAT is not 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 a ground floor retail unit forming part of a larger building.

VAT

VAT is not 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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground Takeaway
(A5)
50.37 sq m
(541 sq ft)
INDIVIDUAL
t/a Bright Moon
Chinese Takeaway
20 years from
01/12/2015
until 30/11/2035
£10,500 01/12/2020 and
five yearly
Total
50.37 sq m
(541 sq ft)
    £10,500  

Property Documents

  • Catalogue Page
    Updated Date
    05.11.19
    File Size
    673 KB
    View PDF
  • Site Plan
    Updated Date
    05.11.19
    File Size
    2 MB
    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 Sutherland 1 Callaghan Square
Cardiff
CF10 5BT
Angharad-Elin Trigg 02920 477 139AngharadTriggs@eversheds-sutherland.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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