10 The Parade, Pagham, West Sussex PO21 4TW
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 7 Click here for addendum Retail Investment Gross Yield 10.9% 6 Week Completion Situation Located close to the junction with Sea Lane within this fully occupied shopping centre nearby a Co-op Supermarket and serving the surrounding residential community. Pagham lies on the outskirts of the exclusive residential area of Aldwick some 3 miles west of Bognor Regis and 5 miles south of Chichester. Property Forming part of a retail parade comprising a Ground Floor Shop . The property benefits from the use of a rear service road for unloading. Accommodation Ground Floor Shop Gross Frontage 16'4" Internal Width 15'5" Shop Depth 24'4" Built Depth 34'8" WC VAT is NOT applicable to this Lot Tenure Leasehold for a term of 199 years from 29th September 2008 at a fixed ground rent of £100 p.a. Tenancy The property is let on a full repairing and insuring lease to M. Morgan & T. Manton as a Dog Groomers for a term of 5 years from 1st October 2018 at a current rent of £6,000 per annum exclusive. Rent Review December 2021 Tenant's Break October 2021 Note: £1,500 Rent Deposit held.
