Overview

LEASEHOLD INTEREST

The bank is arranged over ground floor only. The first floor comprises a residential flat, which is not in the banks demise. Tenure The property is held on an existing FRI lease due to expire 23/06/2021. Rent The passing rent is £12,500 pa exclusive. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £12,500 pa. Rates We understand from the VOA website that the current rateable value of the property is £7,800 and the rates payable are £3,829. The UBR for 2019/20 is 49.1p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

Selsey is located on the south coast approximately 8 miles south of Chichester. Portsmouth is to west, Brighton is to the east, and London is approximately 70 miles north east. The property is situated on the southern end of the High Street, which is predominantly made up of local traders, however national retailers nearby include Boots, Lloyds Pharmacy and Co-Operative Funeral Care.

Sizes and Measurements

Total Size

964sqft

Sales Area

964sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

964sqft

Status

Available

Available from

November 2019

Lease Information & Charges

Lease End

23/06/2021

Lease type

Assignment

For rent

£12,500/pa

UBR

49.1p

Rateable Value

£7,800.00

Business Rates

£3,829.80/pa

Specification

  • Prominent location
  • Consent for various uses
  • Flexible lease terms available

Floorplan

SELSEY_ 152 HIGH STREET_ PO20 0QQ GOAD

Photos

SELSEY_ 152 HIGH STREET_ PO20 0QQ