Prominent Freehold Retail Unit – Bognor Regis A rare opportunity to acquire a versatile three-storey corner property on the High Street, offering excellent visibility and flexible Class E use. Freehold with vacant posesion

Full Description

Property Description

The property was previously occupied by a local practice of opticians, fronting the High Street with a large return elevation on Sussex Street.

The property comprises a 3-storey end of terrace retail unit, with extensive upper parts which are currently configured as private treatment rooms and offices. The property has the following approx. NIA floor areas-

Round Floor Retail Area 40. 1 sq m (432 sq ft)
Ground Floor Ancillary Area 45.2 sq m (487 sq ft)
First Floor 66.7 sq m (718 sq ft)
Second Floor 66.1 sq m (712 sq ft)
Total Net Internal Area 218.1 sq m (2,348 sq ft)
Total Gross Internal Area 291 sq m (3,136 sq ft)


Terms

The freehold intertest is available for sale, with vacant possession, for £315,000 plus VAT if applicable.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. Interested parties should make their own planning enquiries and satisfy themselves in this regard.


Legal Fees

Each party to bear their own legal fees.

Business Rates

Current rateable value, from 1 April 2023 is £10,250. Interested parties should make their own enquires to satisfy themselves of their business rates liability.

Bognor Regis is a popular seaside town in West Sussex, situated c. 7 miles east of Chichester and c. 16 miles west of Worthing. Bognor Regis benefits from a mainline railway station with frequent coastal services to both Portsmouth and Brighton. The property occupies a prime trading position near the junction with London Road, which is a short walking distance to the entrance of The Arcade.