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West Lodge 2A The Steyne 3,422 sq ft Vacant Retail Property Bognor Regis PO21 1TP £650,000 (£189.95/sq ft)

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INVESTMENT HIGHLIGHTS

  • Bognor Regis is an affluent and popular resort town
  • New Wayfinding scheme
  • Internally there is seating for around 110 covers, together with external seating for up to 50 covers currently
  • Prominent and attractive building with panoramic views
  • Fully fitted restaurant premises finished to high standard throughout

EXECUTIVE SUMMARY

The property was recently constructed and occupies a prominent corner position on The Esplanade and is arranged over five floors. The upper floors are configured as five self-contained apartments, which have been sold off on long leases. The restaurant element is accessed via a ground floor lobby entrance, with stairs leading to both the lower ground floor and upper floor. There is also a customer lift servicing each floor.
Internally, the lower ground floor provides seating for around 30 covers, a bar area, fully fitted kitchen (electric only), preparation areas and storage, together with customer and staff WC's.
The upper floor benefits from panoramic views of the seafront, providing around 80 covers, and serving bar. There is also further storage and an office.
Externally, the property benefits from a bin store, and plant room, which is accessed from Manor Place.
The present occupier had a licence for external seating for around 50 covers, which they have not renewed. However, they are in discussions with the local authority to create a number of beach huts to provide further seating throughout the year for customers.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Size
3,422 sq ft
Year Built
2002
Price
£650,000
Price per sq ft
£189.95
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.49
Total Plot Size
0.16 ac
Frontage
23 ft on The Esplanade

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • Ground
  • 3,422 sq ft
  • Restaurant
  • -
  • Now

The property was recently constructed and occupies a prominent corner position on The Esplanade and is arranged over five floors. The upper floors are configured as five self-contained apartments, which have been sold off on long leases. The restaurant element is accessed via a ground floor lobby entrance, with stairs leading to both the lower ground floor and upper floor. There is also a customer lift servicing each floor. Internally, the lower ground floor provides seating for around 30 covers, a bar area, fully fitted kitchen (electric only), preparation areas and storage, together with customer and staff WC's. The upper floor benefits from panoramic views of the seafront, providing around 80 covers, and serving bar. There is also further storage and an office. Externally, the property benefits from a bin store, and plant room, which is accessed from Manor Place. The present occupier had a licence for external seating for around 50 covers, which they have not renewed. However, they are in discussions with the local authority to create a number of beach huts to provide further seating throughout the year for customers.

Space Size Space Use Position Available
Ground 3,422 sq ft Restaurant - Now

Ground

Size
3,422 sq ft
Space Use
Restaurant
Position
-
Available
Now

Ground

Size 3,422 sq ft
Space Use Restaurant
Position -
Available Now

The property was recently constructed and occupies a prominent corner position on The Esplanade and is arranged over five floors. The upper floors are configured as five self-contained apartments, which have been sold off on long leases. The restaurant element is accessed via a ground floor lobby entrance, with stairs leading to both the lower ground floor and upper floor. There is also a customer lift servicing each floor. Internally, the lower ground floor provides seating for around 30 covers, a bar area, fully fitted kitchen (electric only), preparation areas and storage, together with customer and staff WC's. The upper floor benefits from panoramic views of the seafront, providing around 80 covers, and serving bar. There is also further storage and an office. Externally, the property benefits from a bin store, and plant room, which is accessed from Manor Place. The present occupier had a licence for external seating for around 50 covers, which they have not renewed. However, they are in discussions with the local authority to create a number of beach huts to provide further seating throughout the year for customers.

NEARBY MAJOR RETAILERS

Iceland
Lloyds Bank
National Westminster Bank Plc
Barclays
Santander
Lounges
Morrisons
Costa Coffee
Co-op
  • Listing ID: 34932455

  • Date on Market: 25/02/2025

  • Last Updated:

  • Address: 2A The Steyne, Bognor Regis PO21 1TP

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