* Freehold
**Key Points**
* Part of a Major Town Centre Beautification/Improvement Programme (see download for details)
* Total Income £51, 000 per annum
* Well Let To Savers Health & Beauty (Superdrug Group) + Residential Tenants
* Adjacent Sainsburys/Iceland/Wetherspoons & Peacocks
* 100% Income Producing
**Description**
An opportunity to acquire a well let retail & residential investment property.
12 Surrey Street is located in the heart of Littlehampton town centre with
adjacent occupiers including Sainsburys, Iceland, Wetherspoons & Peacocks.
The property is of two storey construction with retail at ground floor (approx
2, 490 sqft) & residential upper floors comprising x4 letting rooms, x1
bathroom with shower/wc & x1 shower room/wc. Heating is via a combi gas boiler
(untested)
Access to the upper parts is via a rear of the property.
The shop has a rear loading area.
Upper parts (known as 12a) floorplan available to download. Please click the
link above.
**Location**
Surrey Street is a main shopping street in the West Sussex coastal town of
Littlehampton. The town is approximately 12 miles east of Chichester & 9 miles
west of Worthing. It has a current population of around 60, 000 people & a has
a large catchment area.
Sat nav: BN17 5BG
**Tenancy Information**
Ground Floor - let to Savers Health & Beauty Limited on Fri terms expiring
April 2027. Rent currently £35, 000 per annum exclusive with a review in April
2022.
The first floor is fully let to multiple tenants on AST agreements.
Historically, these have mainly been to local healthcare workers.
**Savers Information**
Savers Health & Beauty Limited are part of the Savers/Superdrug group & one of
the largest high street retailers in the UK. The group is expanding UK wide
with 50 new stores planned to open in 2020 (with many existing Superdrug
stores rebranding as Savers) - source .
They have recently upgraded the Surrey Street store with a new air
conditioning system showing a commitment to future trading in Littlehampton.
**Income Details**
Total income: £51, 000 pax
Ground Floor Rent - £35, 000 pax
First Floor Rent - £16, 000 pax approx
**Investment Profile/Price**
Freehold for sale with the benefit of the current income.
Offers in the region of £725, 000. A purchase at this level shows a buyer a Net
Initial Yield after costs of approximately 6. 75%
**Legal Costs**
Each party to pay their costs incurred in the transaction.
**Viewing**
By prior appointment only with sole agent Brierley & Coe

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