TYPEOffice, Residential, Land, Offices, Commercial Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON24th September 2020
Bognor Regis is an affluent and popular resort town in West Sussex ideally located on the south coast approximately 55 miles south west of London 24 miles west of Brighton and six miles south east of Chichester.
The town benefits from excellent transport links with easy access to the A259 which links Bognor Regis to the A27 (seven miles north of the town) and therefore the wider national road network. Bognor Regis Railway Station offers direct and regular services across the region.
The property is situated on the eastern side of Mead Lane, which is accessed from the B2259. The town centre is a short distance away.
The property is Grade II Listed. We understand that the premises benefit from Class B1 (a) Office use within the Use Classes Order 1987 (as amended).
Planning consent BR/93/20/PL exists for change of use from office to a two bedroom dwelling. We understand that CIL is not applicable to the development and a S106 contribution has been paid.
The property is VAT exempt.
The property comprises a single storey, detached building which is currently being used as an office. Internally, the accommodation is arranged as five rooms with a kitchen and WC. There is also a former garage that has been partitioned and converted to a storage area.
Externally, there is a garden and vehicular access to the site.
We have measured and calculate the accommodation to have the following approximate gross internal floor areas:
Area Sq Ft Sq M Office873 81.10 Garage151 14.02 Total 1,02495.12
The current planning consent allows for a two bedroom dwelling but with reconfiguration it is possible to increase it to three bedrooms, subject to planning.
We understand the property to have an EPC rating of E.
Each party to bear their own legal costs incurred.
We have been instructed to seek offers in excess of £250,000 for freehold interest subject to contract and with the benefit of vacant possession.
There will be a requirement for the purchaser to build a new garden boundary wall to part of the site at their own cost and in materials agreed by the university.
Anti-Money Laundering Regulations 2017 Due to Government legislation we are legally obliged to undertake Anti-Money Laundering checks on prospective purchasers on transactions which involve a capital value of 15,000 euros or more. We are also required to request proof of funds. Further information available on request. ( Agency Pilot Software Ref: 3470 )