LEASEHOLD INTEREST ONLY
The property is arranged over ground floor, first floor and basement. The ground floor provides the main sales area with a strong-room and safe located at basement level. The upper parts of the property are within the bank’s demise, used as a staff room and for general bank storage. Tenure The property is held on an existing FRI lease due to expire 11/01/2022 at a passing rent of £36,000 per annum exclusive. 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. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £24,000.00 and the rates payable are £11,520.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Lancing is situated on the south coast about 9 miles west of Brighton and 2 miles east of Worthing. The town is well served by the A27, linking to the A23 and M23 Motorway, which in turn lead to London some 60 miles to the north. The property is situated adjacent to WH Smith and close to branches of Boots and NatWest in South Lancing’s main shopping area.