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18-20 London Rd 25,517 sq ft 100% Let Retail Property Bognor Regis PO21 1PY £1,880,000 (£73.68/sq ft) 8% Net Initial Yield
Investment Highlights
- BOGNOR REGIS
- Investment with future Asset Management potential
- 18-20 London Road, PO21 1PY
Executive Summary
The subject property comprises a high street retail unit located on the prime retail pitch, with notable neighbouring occupiers including Costa Coffee, JD Sports, Superdrug and Greggs.
The ground floor is predominantly configured as an open-plan sales format, with a small area designated for storage. The first floor provides mainly ancillary space, including further storage, staff room, offices and staff WCs.
The fit-out is in line with the tenant’s corporate branding standards including a pet section.
The property is arranged as a two-storey mid-terrace retail unit with an additional smaller second floor and basement area. A goods lift is located at the rear, providing convenient access to the first-floor ancillary storage. A small rear loading bay is accessed from Bedford Road.
A public car park is situated to the rear of the property, offering customer parking at a charge of £2 for a maximum stay of two hours.
The ground floor is predominantly configured as an open-plan sales format, with a small area designated for storage. The first floor provides mainly ancillary space, including further storage, staff room, offices and staff WCs.
The fit-out is in line with the tenant’s corporate branding standards including a pet section.
The property is arranged as a two-storey mid-terrace retail unit with an additional smaller second floor and basement area. A goods lift is located at the rear, providing convenient access to the first-floor ancillary storage. A small rear loading bay is accessed from Bedford Road.
A public car park is situated to the rear of the property, offering customer parking at a charge of £2 for a maximum stay of two hours.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
25,517 sq ft
Costar Property Class
B
Year Built
1983
Price
£1,880,000
Price per sq ft
£73.68
Yield
8%
NOI
£150,400
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.99
Total Plot Size
0.59 ac
Frontage
66 ft on London Road
Amenities
- Signage
1 1
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
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Photos
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Street
Map
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Presented by
18-20 London Rd
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