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21 Beach Rd 1,218 sq ft Retail Property Littlehampton BN17 5JA £175,000 (£143.68/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Situated in Popular Beach Road,Littlehampton
- Nearby commercial occupiers include Ladbrokes, Lidl, Costa Coffee and Boots
- Heavy daytime foot traffic
EXECUTIVE SUMMARY
A rare opportunity to purchase the freehold of a 3 storey Victorian mid terrace property comprising of a deceptively large ground floor
retail premises s let to Virgis Silas Limited for a term of 15 years from 29th September 2017 at a passing rent of £14,000 Per Annum exclusive. The Tenant has no rights to break from the lease whilst the next open market rent review is in September 2027.
retail premises s let to Virgis Silas Limited for a term of 15 years from 29th September 2017 at a passing rent of £14,000 Per Annum exclusive. The Tenant has no rights to break from the lease whilst the next open market rent review is in September 2027.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,218 sq ft
Costar Property Class
B
Year Built
1920
Price
£175,000
Price per sq ft
£143.68
Yield
8%
NOI
£14,000
Tenancy
Single
Number of Floors
4
Plot ratio
0.56
Total Plot Size
0.05 ac
Frontage
15 ft on Beach Rd
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21 Beach Rd
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