40 High Street, Littlehampton
- Investment Opportunity
- Newly constructed
- Town Centre Position
OIRO £140,000 FH
A newly constructed retail space, the property has just undergone a full refit following conversion and has just been let on a new 10 year FRI lease commencing 7th September 2023 with 5 year break option at passing rental of £12,750 per annum exclusive and upward only open market review end of year 5 of the lease.
Located in the heart of Littlehampton town centre on the South side of the High Street, the property occupies a prominent position with Sainsbury's located opposite and Costa Coffee also nearby.
Littlehampton train station is just a short walk away with pay and display parking also nearby to the property.
Viewings can be arranged via the Vendors Sole Agent Newlands Property
The property is available on a freehold basis with the upper parts sold off on a new 999 year lease with peppercorn ground rent. Offers are invited in the region of £140,000 which would equate to a net initial yield of 8.95% after purchase costs.
**VAT is applicable to this purchase.
|Name/Floor||Sq Ft||Sq M||Availability|
|g Ground Floor Retail||794.09||73.77||Let|