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6 Ockley Rd 5,405 sq ft 100% Let Retail Property Bognor Regis PO21 2HW £425,000 (£78.63/sq ft) 8.47% Net Initial Yield
Investment Highlights
- Prime Town Centre Location
- Versatile Brick-Built Premises
- Yard
Executive Summary
A fully let, income-producing freehold commercial property in the heart of Bognor Regis, offering future residential development potential (STPC). The site comprises a ground-floor warehouse (1,054 sq ft) used as a tyre centre, first-floor offices/storage (2,002 sq ft) let to a toy distribution business, and a large gated yard (5,250 sq ft) leased separately. Conveniently located just 0.3 miles from Bognor Regis train station and within walking distance of the town centre, this property presents a strong investment opportunity with an indicative residential scheme for 10 flats and positive pre-application feedback from Arun District Council. Guide Price: £450,000 (No VAT).
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
5,405 sq ft
Costar Property Class
B
Year Built
1980
Price
£425,000
Price per sq ft
£78.63
Yield
8.47%
NOI
£36,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.10
Total Plot Size
1.20 ac
Frontage
26 ft on Ockley Road
Amenities
- Commuter Rail
- Signage
- EPC - D
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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6 Ockley Rd
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