Retail premises for sale in Surrey Street, Littlehampton BN17, £565,000

565,000.00

Offer Nr.:
60120175
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Brierley and Coe
Phone(s):
01903 906510

* Freehold
**Key Points**
* Part of Major Town Centre Beautification/Improvement Works (see download for details)
* Total Income Approx £40, 000 pa
* A2/Retail Let to Wannops llp Solicitors
* Adjacent Sainsburys/Iceland/Wetherspoons & Peacocks
* Scope To Improve Income
* Historically High Occupancy
**Description**
An opportunity to acquire a well let mixed retail & upper parts residential
investment property.
6 Surrey Street comprises a three storey premises with an A1/A2 unit on ground
floor totalling approximately 700 sq ft & six upper floor letting rooms
accessed from the rear of the property.
The upper floors (known as 6a) operate as an HMO & comprise a kitchen with
bath/shower & WC rooms. Heating is via a gas boiler (untested).
Upper parts floorplan available to download. Please click the link above.
**Location**
Surrey Street is of the main retail locations 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 resident population of approximately 60, 000
people & has a large catchment area.
Sat nav: BN17 5BG
**Income Details**
Total Approximate income (we are advised) : £40, 000 per annum
Ground Floor - £15, 000 pa
First Floor - £25, 000 pa
**Legal Costs**
Each party to pay their own costs incurred.
**Viewing**
By prior appointment with sole agent Brierley & Coe. Please call
**Price**
Freehold for sale with the benefit of the current income.
Price £565, 000 + vat. A purchase at this level would show an niy of
approximately 6. 75% after purchaser's costs.

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