LEASEHOLD INTEREST

The property comprises ground and part first floor of a three-storey, inner-terrace building. It is arranged as a banking hall with ancillary, including strong room, on the ground floor and toilets and further ancillary on the first. There are about six demised parking spaces at the rear. Tenure The property is held on an existing FRI lease due to expire 27/11/2027 at a passing rent of £27,000 per annum exclusive with a break option scheduled 28/11/2022 and a rent review scheduled 25/03/2019. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £27,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £28,750.00 and the rates payable are £13,397.00 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Shoreham-by-Sea, a small seaside town and port in West Sussex, is located about 59 miles south of London and 8 miles west of Brighton. The subject property is situated on the High Street amongst a mixture of national, regional and local tenants, including Co-Op and Boots Chemist.

Sizes and Measurements

Total Size

2,808sqft

Sales Area

2,675sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,675sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

133sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

27/11/2027

Rent Review Cycle

5

Next Lease Break

28/11/2022

Lease type

Assignment

For rent

Price On Application

UBR

48p

Ratable Value

£28,750.00

Business Rates

£13,800/pa

Specification

  • Former Bank premises
  • Consent for various uses
  • Flexible lease terms available

Floorplan

Photos

Map Data
Map data ©2018 Google
Map DataMap data ©2018 Google
Map data ©2018 Google
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