Retail in East Preston available for sale
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Retail Properties for Sale near the East Preston, UK

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Retail Properties for Sale Within 5 miles of the East Preston, UK

More details for 56 Teville Rd, Worthing - Retail for Sale

56 Teville Rd

Worthing, BN11 1UY

  • Retail for Sale
  • £950,000
  • 2,100 sq ft

Worthing Retail for Sale

Investment Consideration: Gross Initial Yield: 8.66% Rental Income: £82,240 p.a. VAT is NOT applicable to this property Comprises ground floor shop t/a pharmacy and 2 self-contained flats at first and second floor arranged as an HMOs Retail premises benefits from display frontage to both Teville Road and Victoria Road, with 2 parking spaces at rear Situated within 1-min walk from Worthing Train Station. Occupiers nearby include Tesco, Morrisons, Restaurants and more. Property Description: Comprises ground floor corner retail shop t/a pharmacy and 2 flats on first and second floor that have each been converted to provide four letting rooms, occupied as a house in multiple occupation (HMO). The retail premises benefits from display frontage to both Teville Road and Victoria Road with 2 car parking spaces at rear, providing the following accommodation and dimensions: Ground Floor Shop: 76 sq m (818 sq ft) Open plan retail, office, storage, kitchen, wc, parking First Floor Flat: 58 sq m (624 sq ft) 4 letting rooms (1 en-suite), kitchen/dining, shared bathroom Second Floor Flat: 61 sq m (657 sq ft) 4 letting rooms (1 en-suite), kitchen/dining, shared bathroom Total GIA: 195 sq m (2,099 sq ft) Tenancy: The Retail Shop is at present let to Paydens Limited for a term of 15 Years from 20th April 2012 at a current rent of £10,000 per annum and the lease contains full repairing and insuring covenants. ERV upon reversion £15,000 p.a. Flat 1 Room 1 is at present let on AST to an Individual for a term of 12 Months from 14th July 2023 at a current rent of £9,120 p.a. Flat 1 Room 2 is at present let on AST to an Individual for a term of 12 Months from 12th August 2023 at a current rent of £9,300 p.a.. Flat 1 Room 3 is at present let on AST to an Individual for a term of 12 Months from 25th August 2023 at a current rent of £9,120 p.a. Flat 1 Room 4 is at present let on AST to an Individual for a term of 12 Months from 17th July 2023 at a current rent of £9,300 p.a. Flat 2 Room 1 is at present let on AST to an Individual for a term of 12 Months from 7th August 2023 at a current rent of £8,340 p.a. Deposit held of £801. Flat 2 Room 2 is at present let on AST to an Individual for a term of 12 Months from 31st August 2023 at a current rent of £8,880 p.a. Flat 2 Room 3 is at present let on AST to an Individual for a term of 12 Months from 14th July 2023 at a current rent of £9,300 p.a. Flat 2 Room 4 is at present let on AST to an Individual for a term of 12 Months from 12th august 2023 at a current rent of £8,880 p.a. Location: Worthing is a seaside town and borough in West Sussex, 11 miles west of Brighton and 18 miles east of Chichester. The property is situated in the town centre, 1-min walk from Worthing Train Station, providing direct and regular services to London Victoria, Brighton, Portsmouth and Southsea. Retail occupiers within short walk include Morrisons supermarket, Tesco Express, Anytime fitness, Bakery and more.

Contact:

Blue Alpine Partners Ltd

Date on Market:

28/06/2024
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More details for 21 Beach Rd, Littlehampton - Retail for Sale

21 Beach Rd

Littlehampton, BN17 5JA

  • Retail for Sale
  • £175,000
  • 1,218 sq ft

Littlehampton Retail for Sale

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.

Contact:

Justice & Co

Property Subtype:

Shopfront Retail / Residential

Date on Market:

19/09/2023
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LoopNet UK West Sussex Retail Properties For Sale in East Preston, UK

Learn More About Investing in Retail Properties

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FAQs about Retail property for sale in East Preston

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in East Preston?
There are currently 0 Retail Properties available for sale near East Preston. These East Preston Retail Property listings have an average size of. The largest available listing in East Preston is. The thriving commercial centre and excellent transport links in East Preston make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in East Preston?
The average price/SF for Retail Property for sale in East Preston is about. The cost per sq ft for Retail Property in East Preston ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in East Preston?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in East Preston?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in East Preston is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the East Preston, UK

With 0 retail units currently available for sale in East Preston, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in East Preston, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in East Preston, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in East Preston can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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