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 purposes
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Location Description

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.

Sizes and Measurements

Total Size

3,081sqft

Sales Area

2,398sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,398sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

490sqft

Status

Available

Available from

Immediately

Basement

Details

Non-Sales

Size

193sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

11/01/2022

Lease type

Assignment

For rent

£36,000/pa

UBR

48p

Ratable Value

£24,000.00

Business Rates

£11,520/pa

Photos

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