Close cookie policy popup window
This site uses cookies for analysis purposes only. This helps us understand how you and other visitors use our site. To see a complete list of these cookies or to opt out please access our cookie policy page.

You will see this message only once, but you will be able to find more information about our use of cookies or opt out at any time.

FOR SALE

8a & Longmace House ,
High Street,
Arundel,
BN18 9AB

Investment, Development

1660 Sq Ft (154.21 Sq M)

Features

  • Affluent market town
  • Income producing development opportunity
  • Attractive Grade II Listed Building
  • Part ground floor let to Sims Williams LLP estate agents on an FRI lease with a current rental income of £20,000 per annum
  • 9.25 years to lease expiry with 4.25 years to break clause
  • Planning consent for residential conversion of part ground floor (not occupied by Sims Williams) and upper parts to a two/three bed residential unit comprising circa 1,660 sq ft (154.40 sq m) GIA
  • Strong local residential market
  • Town centre location
  • Offers invited in excess of £450,000
  • No VAT

Location

Arundel is a busy market town synonymous with its castle and boasts 1,000 years of history. The town has excellent road communications being situated on the A27 dual-carriageway, which runs east to Worthing and Brighton and west to Portsmouth and Southampton; where it connects with the A3(M), M27 and M3 motorways. London is located approximately 64 miles north east.

Arundel train station offers easy access to London (one hour thirty minutes) and other cities such as Brighton and Hove (one hour ten minutes) and Southampton (one hour twenty minutes).

Description

INVESTMENT & DEVELOPMENT | Retail and Residential Opportunity in Historic Market Town

Accommodation

The property is currently arranged as a three storey mixed use retail and
office building located on the corner of High Street and Mill Lane in Arundel.

8a High Street comprises a self-contained shop let to Sim Williams estate agents which benefits from a return frontage at the junction of High Street and Mill Lane. The first and second floors are currently vacant.

8a High Street - NIA (Sims Williams)
Ground Floor Shop 25.25 sq m 272 sq ft
Rear Office 13.23sq m 142 sq ft
Sub Total 38.48 sq m 414 sq ft

Longmace House - NIA (Vacant)
First Floor 60.3 sq m 649 sq ft
Second Floor 36.8 sq m 396 sq ft
Sub Total (includes full height over 1.5m) 97.1 sq m 1,045 sq ft
Total NIA 135.58 sq m 1,459 sq f

Planning

8a High Street - We understand that the ground floor estate agent premises benefits from a Class A2 Use under the Town & Country Planning (Use Classes) Order 1987, as amended.

Longmace House - Currently benefits from Class A2 Use, but benefits from a planning consent for the conversion to a 2/3 bedroom dwelling (Planning reference number AB/15/18/PL).

VAT

The property is not VAT elected and so no VAT is payable on the purchase price.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

We have been instructed to seek offers in excess of £450,000 for the freehold interest, subject to the existing occupational lease to Sims Williams LLP and planning consent.

Energy Performance Rating

EPC is available upon request from the vendors agent.

Viewing

For further information or to arrange a viewing, please contact Flude Commercial on 01243 819000 or via email to chichester@flude.com.

Key Contacts

Contact Photo

Mikael Goldsmith

01243 929141

Contact Photo

Mark Minchell

01243 929136