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For Sale£495,000.00

Town centre shop (let) with 4/5 bed maisonette over for sale

Retail, Office, Offices , 2994
Property type: Retail, Office, Offices
Tenure: Investment Opportunity, For Sale Freehold
Size: 2994
Price: £495,000.00
Location: 40 South Street, BN21 4XB
Good trading position in an area known as Little Chelsea. The premises adjoin John Cowderoy Antiques and restoration. Other business concerns close by include City Gym and Maxims restaurant, bar and night club.

The premises comprise a double fronted retail unit with office/store, kitchen, cloakroom and basement and trade as a gentlemens outfitters under the trading name of Pendulum. The premises are let for a term of 14 years with rent review at 7th year at a passing rent of £12,000pa.

Shop overall 30.9 sq m (333 sq ft), rear office/store 16.4 sq m (177 sq ft), kitchen 6.2 sq m (68 sq ft) & basement overall 65.9 sq m (709 sq ft). Cloakroom available to the rear of the building.

The upper parts are accessed from a side entrance and comprise a substantial maisonette with good size reception hall, 4/5 bedrooms, sitting room to front, kitchen, bathroom and stores. It retains many original features including stripped wood floors and open fireplaces. Subject to obtaining any necessary consents it is considered there is potential to divide the space to form a number of flats.

Offered for sale with vacant possession of the upper parts and subject to the commercial tenancy of the shop.
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