Tenure: Freehold Type: Investment
Price: £265,000
Full description
FREEHOLD MIXED-USE INVESTMENT FOR SALE - COMPRISING A LET RETAIL SHOP & VACANT ONE BEDROOM, SELF-CONTAINED FLAT - The commercial premises are let to a private individual on an 8-year lease term from the 1st of November 2019 (expiry 31st of October 2027) at a passing rent of £12,670 per annum exclusive. The residential flat is being offered with vacant possession; our local lettings department have indicated that a rent of £800 pcm could be achieved on a new letting. Selsey is a seaside town situated approximately 8 miles to the south of Chichester and 7 miles to the west of Bognor Regis. The town is well connected by road with the B2145 giving direct access to Chichester and the A27 (east/westbound routes).