44, 44a and 44b Summerley Lane
Felpham, Near Chichester
West Sussex
PO22 7HX

Freehold Convenience Store Investment with Separate Flat and Office

  • Convenience Store let to Bestway Retail Limited until March 2032 (no breaks)
  • Post Office within Convenience Store
  • Separately accessed two bedroom flat at first floor let on AST from December 2019
  • Vacant separately accessed office suite at first floor (with potential to convert to residential, subject to planning)
  • Large site with future redevelopment/change of use proposal (subject to lease and consent)
  • Lot
    3
  • Auction
    09/Jul/2020
  • Rent
    £33,540 per Annum Exclusive
  • Status
    Available
  • Price*
    £525,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 44, 44a and 44b Summerley Lane<br>Felpham, Near Chichester<br>West Sussex<br>PO22 7HX
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles south-east of Chichester
14 miles west of Worthing
Roads
A259, A27
Rail
Bognor Regis
Air
Southampton Airport
Situation

Felpham is an attractive seaside village on the West Sussex coast, approximately 8 miles south-east of Chichester and 14 miles west of Worthing. The property is located on the west side of Summerley Lane, in a predominantly residential area.

Tenure

Freehold.

Description

The property comprises a two storey building, built in 2004, arranged as a ground floor convenience store (with Post Office), a separately accessed two bedroom flat on the first floor, and a separately accessed office suite on the first floor. The property benefits from about 13 cars to the front and rear.

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundConvenience
Store/Ancillary (+10
parking spaces)
133.80 sq m
(1,440 sq ft)
BESTWAY RETAIL
LIMITED (1)
15 years from
25/03/2017 until
24/03/2032
£24,00025/03/2024
25/03/2028
First2 bed flat (+1
parking space)
72.50 sq m(780 sq ft)INDIVIDUALS6 month AST from
20/12/2019 at
£795 pcm
£9,540-
FirstOffice (+2 parking
spaces)
53.30 sq m(574 sq ft)VACANT---
Total
259.60 sq m
(2,794 sq ft)
  £33,540 

(1) Bestway Retail operates the UK's largest franchised off-licence and convenience chain and consists of over 800 stores trading under the Bargain Booze, Bargain Booze Select Convenience, Wine Rack and Central Convenience brands
(source: bestwaywholesale.co.uk 04/06/2020).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.06.20
    File Size
    37 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    451 KB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    632 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Henry Adams Rowan House, Baffins lane
Chichester
West Sussex
PO19 1UA
Martin Trundle 07747 566417mtrundle@henryadams.co.uk
Seller's Solicitors
Wannops LLP South Pallant House, 8 South Pallant
Chichester
West Sussex
PO19 1TH
Josh Coleman 01243 778844jcoleman@wannops.com

Useful Links

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