Investment to Buy
Summerley Lane, Felpham, Bognor Regis, PO22
Income producing freehold investment. The property would suit an investor seeking a good initial yield with the potential for long term rental growth. The property was built in 2002 and is in very good condition throughout. Ample car parking to the front for the retail unit and rear for the flat and office.
The office to be sold with vacant possession.
It is self contained with a gas boiler (3 years old), kitchen, WC and shower. Potential to create a one bed flat subject to securing the required planning.
The two bed flat is in excellent condition—new gas boiler recently fitted.
The ground floor shop is let to Bestway Retail Ltd, a subsidiary within the Bestway Group (www.bestwaygroup.co.uk) on a business tenancy that expires on 25th March 2032. Passing rent increases to £24,000 pa on 25th March 2020.