67 - 69 North Street
Lancing
West Sussex
BN15 9AS

Freehold Retail and Residential Investment

  • Fully let ground floor retail unit and self-contained one bedroom flat on upper parts
  • Located within attractive coastal town
  • Close proximity to Lancing train station
  • Nearby occupiers include Domino's, Boots, Poundstretcher, WHSmith, Pizza Hut and Royal Mail
  • Lot
    46
  • Auction
    24/Oct/2019
  • Rent
    £21,160 per Annum Exclusive
  • Status
    Sold
  • Price*
    £224,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 67 -  69 North Street<br>Lancing<br>West Sussex<br>BN15 9AS
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* More information on the term "price" can be found here

Property Information

Location
Miles
9 miles west of Brighton
38 miles east of Portsmouth
58 miles south of Central London
Roads
A23, A24, A27, M23 (J11)
Rail
Lancing
Air
London Gatwick
Situation

Lancing is an an affluent and attractive coastal town situated in West Sussex, some 9 miles west of Brighton. The property is situated on the west side of North Road, close to its junction with Culver Road, in a prominent position just 0.1 miles to Lancing Train Station. Nearby occupiers include Domino's, Boots, Poundstretcher, WHSmith, Pizza Hut and Royal Mail.

Tenure

Freehold.

Description

The property comprises a two storey building arranged as a ground floor shop with a self-contained one bedroom flat at first floor.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
GroundRetail
54.82 sq m
(590 sq ft)
INDIVIDUALS t/a H G King Funeral Services (1)5 years from 23/06/2017 until
22/06/2022 on a full repairing
and insuring lease (2)
£13,000
FirstResidential
One bedroom flat
INDIVIDUALS6 month AST from 04/10/2019
until 03/04/2020 (3)
£8,160
Total Commercial Area
54.82 sq m
(590 sq ft)
  £21,160

(1) H G King Funeral Services is a family run, independent funeral directors located in Lancing, West Sussex, offering a 24-hour service, supporting bereaved families in their time of need (Source: www.hgkingfuneralservices.co.uk 12/08/2019).
(2) The tenant has not exercised their June 2020 option to determine and the notice period has now passed.
(3) The rent has been annualised.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    727 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Gavriel Cohen 0203 036 7250gcohen@fladgate.com  Phoebe Moore-Martin 020 3036 7000pmoore-martin@fladgate.com

Useful Links

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