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Property Details
31b London Road
Bognor Regis, PO21 1PQ
£525,000
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Details
  • Investment for sale
  • Prime retail position
  • To be fully refurbished by tenant
  • Retail/ Class E
  • No VAT
  • New 5 year lease
  • Excellent covenant

The property comprises a two-storey mid terrace shop and upper parts. It occupies a prime position in the middle of the pedestrianised section of London Road. Situated in between Costa and Halifax, nearby traders include Wilko, New Look, Sports Direct, Boots, Specsavers, Savers, Superdrug and Peacocks.

The Morrison’s and Bedford Street car parks are located close by

Re-let to Shoezone Retail Ltd for 5 years from 7th April 2022 at £34,250 per annum. £525,000 sought showing a net initial yield of around 6.8% after deducting purchasers costs. 

01243 520949

info@medhursts.com

© Medhursts 2022
4 Northgate, Chichester, West Sussex, PO19 1BA