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Investment - Retail High Street, Investment - Residential to Buy

Glamis Street, Bognor Regis, PO21

£250,000 £89 /sf
2,811 sf
 
£250,000 £89 /sf
2,811 sf
Currently let to Seaco Screenprint & Signs Ltd (t/a Signquick) for a term of 3 years expiring Sep 2021 at rent of £9,996 per annum. The workshop is currently sub-let to a private individual.
The residential accommodation is now on a periodic tenancy paying £775 per calendar month (£9,300 per annum)
Total current rent is £19,296 per annum reflecting a Net Initial Yield of 7.52% at a purchase price of £250,000
Investment to Buy
Investment - Retail High StreetInvestment - Residential
Amenities
Located five minutes from town centre and railway station
Ideal tertiary location
Large two bedroom flat
Allocated parking with shop
Shop tenant in occupation over ten years
Refurbishment and break up opportunity
Opportunities to improve rents at lease renewal
Freehold
Current rent: £19,296 per annum
Offers in excess of £250,000

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RE: Glamis Street, Bognor Regis, PO21  (210306132638)

map markerGlamis Street, Bognor Regis, PO21

Bognor Regis is an affluent and popular resort town in West Sussex ideally located on the south coast approximately 55 miles south west of London 24 miles west of Brighton and six miles south east of Chichester. The town benefits from excellent transport links with easy access to the A259 which links Bognor Regis to the A27 (seven miles north of the town) and therefore the wider national road network. Bognor Regis Railway Station offers direct and regular services to London Victoria with a fastest time of 1 hour and 40 minutes. The station provides regular services to Brighton with a journey time of approximately 45 minutes and Chichester is accessed within 15 minutes both requiring one change. The property is located at the Northern end of Glamis Street is an approximate 5 - 10 minute walk from Bognor Town Centre.
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