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No longer on the market

This property is no longer on the market

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EPC Rating Graph

Land

Land
8930
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Commercial Investment Opportunity with Long Term Re-Development Potential
  • Situated in Heart of Bognor Regis, West Sussex
  • Potential For 10x Residential Flats (subject to planning). Positive Pre-App Response
  • Fully Let Investment Currently Producing £36,000 Per Annum Rising to £40,500 Per Annum By 2029
  • Net Initial Yield of 8.12%
  • Viewing Highly Recommended
An opportunity to acquire a fully let and income producing commercial investment with the added potential of future residential development situated in the heart of Bognor Regis. The property comprises of a ground floor warehouse premises, currently utilised as a car tyre centre with self contained first floor offices / workroom space which is let to a storage and distribution in the childrens toy sector. Additionally there is a gated large yard area which is currently let out to a separate tyre company. The property is of standard brick construction under a tiled hung pitched roof. The site benefits from mains water and electric. The yard comprises of a series of buildings. Historically the site has been used for a variety of commercial uses however given the location it is felt that a conversion/demolition to residential could be considered subject to gaining the necessary planning consents.

Property information from this agent

Area statistics

Crime score
High crime
10/10

About this agent

Justice & Co - Worthing
Justice & Co - Worthing
307 Goring Road, Worthing, West Sussex, BN12 4NX
01903 929417
Full profileProperty listings
Justice & Co are Commercial property agents based in Worthing BN11 1TF
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