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Agent's details

14 Shore Road, East Wittering, Chichester, West Sussex, PO20

For sale: £500,000.00|1,359 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£500,000.00
SIZE1,359 Sq Ft
ADDRESS14 Shore Road, East Wittering, Chichester, West Sussex, PO20
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON12th October 2021

Description

Description

Mixed Use Investment Opportunity
Commercial Ground Floor: 470 sq ft (43.71 sq m)
Three bedroom refurbished apartment: 889 sq ft (82.55)
Parking with Garage

Location

East Wittering is a scenic coastal town popular with tourists and locals of the surrounding areas. The town benefits from a good range of shops and easy transport links. It is situated close to Bracklesham Bay on the west side of the Manhood Peninsula and is bordered by the town of Selsey and West Wittering. Chichester is located approximately seven miles to the north east via the B2179 and the A286 Birdham Road.

The premises are located about 200 metres from the beach at the northern end of Shore Road, and form part of a parade of shops. Nearby occupiers include Drift, Baileys, Astons and Shore.

Planning

Planning was secured for change of use under permitted development rights to convert the 'first floor' offices to residential use under Planning Application: 20/01128/PA3O.

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Accommodation

The property comprises a ground floor lock-up shop occupied by Henry Adams LLP estate agents. The shop has good clear open plan retail space although a studwork wall has been formed to the rear of the footprint to allow some back of house activities. There is also a small kitchenette and single WC at the rear of the shop.

The upper floors have recently been converted from offices to residential comprising a luxury three bedroom apartment over the two upper floors with kitchen, WC and bathroom. Each room features heating/cooling via new air conditioning units allowing the newly the refurbished apartment great flexibility of use all year round. The apartment has been rewired with data cabling and a new water system.

There is parking at the rear of the property for 2-4 cars and a garage for storage, plus a bike store and further public parking to the front of the building. The upper floors can also be accessed from the rear via an external staircase and walkway.

We have measured and calculate the premises to have the following approximate Net Internal Area (NIA):

Floor Description sq ft sq m

Ground Floor Shop (Class E) 470 43.71

Total 470 43.71

We have also calculated the size of the first and second floors as a Gross Internal Area (GIA) which is typically how residential properties are measured. The GIA for the upper floors is as follows:

Floor sq ft sq m

First Floor 561 52.11

Second Floor 328 30.44

Total 889 82.55

Business Rates / Council Tax Band

Address: Ground Floor, 14 Shore Road, PO20 8DZ

Description: Shop and premises

Rateable Value: £5,500

As the assessment is under the RV threshold of £12,000, it can therefore can benefit in terms of 100% rates relief for qualifying occupiers.

Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).

Address: First and Second Floor, 14 Shore Road, PO20 8DZ

Council Tax band to be confirmed.

EPC

To be confirmed.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The ground floor shop is let to Henry Adams at a rent £15,000 per annum exclusive, with a term expiry of 6 March 2024.

We have been instructed to market the freehold interest of the property with the benefit of the existing lease on the ground floor and vacant possession of the newly refurbished three bedroom apartment, and invite offers in excess of £500,000 subject to contract.

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: 3932 )

Location

marker
Location: 14 Shore Road, East Wittering, Chichester, West Sussex, PO20

Bosham (5.2 miles)

Nutbourne (5.3 miles)

Fishbourne (Sussex) (5.5 miles)

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