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

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
    9th July 2020
  • Rent
    £33,540 per Annum Exclusive
  • Status
    Sold
  • Price
    £526,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

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 9th July 2020
  • Rent
  • Status Sold
  • Price £526,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction

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.

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.

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

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review
Ground Convenience
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
£24,000 25/03/2024
25/03/2028
First 2 bed flat (+1
parking space)
72.50 sq m (780 sq ft) INDIVIDUALS 6 month AST from
20/12/2019 at
£795 pcm
£9,540 -
First Office (+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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • 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
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@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

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

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