Old Bank House
1-3 High Street
Arundel
West Sussex
BN18 9AD

Freehold Office Investment with Residential Redevelopment Potential.

  • Highly Attractive and Affluent historic Town
  • Includes two Riverside office buildings.
  • Residential conversion potential (Subject to Consents).
  • Approximately 200 metres from Arundel Castle.
  • Lot
    4
  • Auction
    23/Sep/2020
  • Rent
    £26,649 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • Old Bank House<br>1-3 High Street<br>Arundel<br>West Sussex<br>BN18 9AD
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* More information on the term "price" can be found here

Property Information

Location
Miles
48 mles south of London
9 miles east of Chichester
18 miles west of Brigton
Roads
A27, A24, A23
Rail
Arundel Railway Station
Air
London Gatwick
Situation

Arundel is a highly attractive and affluent historic town on the River Arun, as well as a popular tourist town on the edge of the South Downs National Park. The property is situated in a prominent corner position on the north side of High Street over looking the River Arun and some 200 metres south of Arundel Castle. Nearby occupiers include McColls, Pizza Express and an eclectic mix of local occupiers and riverside residential properties.

Tenure

Freehold.

Description

The property comprises two interconnecting attractive office buildings currently used as services offices with office accommodation on the ground , first, second and third floors and ancillary accommodation in the basement. No 1 High Street is grade 2 listed.

The property may be suitable for residential conversion subject to consents.

Planning

The property may be suitable for residential conversion subject to consents. A certificate of lawfulness for a change of use of the upper floors to residential flats has been obtained from Arun District Council under reference AB/9/15/CLP.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantRent (gross)
BasementStorage
126.50 sq m
(1,362 sq ft)
Vacant Possession 
Ground (Part)Office
59.92 sq m
(645 sq ft)
Vacant Possession 
First (Part)Office
80.54 sq m
(867 sq ft)
Vacant Possession 
Second (Part)Office
65.77 sq m
(708 sq ft)
Vacant Possession 
Third (Part)Office
50.17 sq m
(540 sq ft)
Vacant Possession 
Ground (Part) DukeOffice
26.94 sq m
(290 sq ft)
INDIVIDUAL (1)£10,800
First (Part) - BuryOffice
10.87 sq m
(117 sq ft)
INDIVIDUAL (1)£5,760
Second (Part)
- Fitzalan
Office
14.68 sq m
(158 sq ft)
INDIVIDUAL (1)£6,768
Third (Part)
- Abbey
Office
7.52 sq m
(81 sq ft)
INDIVIDUAL (1)£3,321
Total Approximate
Floor Area
 
442.91 sq m
(4,768 sq ft)
 £26,649

(1) Rooms occupied individually on Licences with a 3 month notice period. The serviced office operator also provides printing and photocopying services to members of the public.

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
    21.09.20
    File Size
    11 MB
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  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    2 MB
    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
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

Useful Links

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