The property comprises a mid-terrace three storey mixed-use building with two ground floor commercial units, and various office suites to the first and second floors. The ground floor commercial units are let to two separate tenants, Shop 1 being DP Realty who trade as a Dominos and Shop 2 to a private individual trading as The Chinese Doctor.
The offices to the first and second floors are let to a number of different occupiers, varying in size in which several can be combined to create larger suites.
The freehold is being offered to the market subject to the various tenancies and is currently generating £40,040 per annum. A copy of the individual tenancies are available on request to seriously interested parties.
There is the potential to increase the total annual rental income for the property as currently there are some vacant office suites, and also opportunities to enhance the rents.
We understand that the property was previously a hotel and so the opportunity would lend itself to a variety of
alternative uses subject to the necessary planning permissions.
The property is positioned on the southern side of Station Road to the north of Bognor Regis Town Centre. Generally, the immediate area is predominantly a mixture of commercial premises, with retail stores including a Tesco Express neighbouring, estate agents, hairdressers, various takeaways, and other local business occupiers. Bognor Regis railway station is located opposite.
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