Property for sale
Property description & features
- Mixed Retail and Residential Property
- Possible Investment Opportunity
- Lock Up Shop with Maisonette
- Sitting Room with Bay Window
- Two Double Bedrooms
- Fitted Kitchen
- Town Centre Location
- Viewing Recommended
A rare opportunity to acquire a mixed residential and commercial investment in this prominent position in the heart of the important historic town of Arundel.
Th property is offered for sale on the remainder of a long 999-year lease with approximately 954 years to run. On the ground floor, there is a lock up shop and above that is a two-storey maisonette, comprising sitting room, fitted kitchen, two double bedrooms and bathroom.
The property extends to approximately 1150 sq.ft and at the time of marketing is fully let, producing a combined rental income of £27,550. With pending revision, a projected rent of £29,250 is expected from September 2025.
Location
The premises are located in a prominent and central position along Tarrant Street within less than 100 yards of the High Street. Very much the hub of the town, the property is surrounded by a range of independent retail traders, restaurants and local businesses.
The town of Arundel synonymous with its castle and cathedral boasts a 1000 years of history and enjoys an all year round tourist trade with independent shops, contemporary art galleries, restaurants and cafes. A mainline railway station offers easy access to London and the A27 and A29 provide for easy commuting by road.
EPC Ratings:
Residential - E
Commercial - C
Council Tax Band - Residential C
Rateable Value - Commercial - £9,300
Agents Note
We are advised by the vendor that the lease for the property is held by a Limited Company, and their preferred method of sale is to dispose of the shares to the Company.
Property information from this agent
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Property reference 33096376. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Glyn-Jones - Rustington.
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Broadband availability and predicted speed: obtained from Ofcom on May 11, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on May 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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