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Property for sale
Queensway, Lancing
Property
Features and description
- Tenure: Freehold
- Freehold Investment Opportunity
- Prominent Parade
- Lancing Village Centre
- Fantastic Yield
- 7 Commercial Units
- Leasehold Flat Renewal Opportunity
- Sole Agents
- Ground Rent Income
A rarely available freehold investment opportunity situated in the heart of Lancing Village in this busy prominent parade. The development offers either commercial units all being let long term and one residential unit. The opportunity offers the whole freehold and includes the leasehold flat renewal opportunity.
Commercial Units - 1. Queensway, LancingTruffles - bakers/caféLease dates: 21/05/22 - 21/05/2032Annual Rent: 19,530
2. Queensway, LancingC Ratis - deli/caféLease dates: 26/06/2023 - 26/06/2028Annual Rent: 9,000
3-4. Queensway, LancingFireaway Pizza - takeawayLease dates: 27/08/2019 - 26/08/2029 (10 years)Annual Rent: 12,000
5. Queensway, LancingStanely Ale House - pubLease dates: 01/05/2018 - 30/04/2022 (want to renew)Annual Rent: 12,000
6-7. Queensway, LancingO'Curniciello - Italian restaurantLease dates: 26/08/2020 - 25/08/2030 (10 years)Annual Rent: 19,000
The current owner would be open to offer for these units only, as number 8 and flat 14 are detached and currently have interest from the tenants to buy.
Total income £71,530 per annum.
Residential Units - Flat 9. 99 years from 2002
Flat 10. 99 years from 2002
Flat 11. 99 years from 2002
Flat 12. 125 years from 2012
Flat 13. 99 years from 2002
Tenure - The property is available freehold subject to the mentioned leases.
Vat - We understand VAT is not charged on the purchase price.
Legal Fees - Each party to pay their own legal costs unless otherwise agreed.
Viewing - Strictly by appointment only through Robert Luff & Co.
Commercial Units - 1. Queensway, LancingTruffles - bakers/caféLease dates: 21/05/22 - 21/05/2032Annual Rent: 19,530
2. Queensway, LancingC Ratis - deli/caféLease dates: 26/06/2023 - 26/06/2028Annual Rent: 9,000
3-4. Queensway, LancingFireaway Pizza - takeawayLease dates: 27/08/2019 - 26/08/2029 (10 years)Annual Rent: 12,000
5. Queensway, LancingStanely Ale House - pubLease dates: 01/05/2018 - 30/04/2022 (want to renew)Annual Rent: 12,000
6-7. Queensway, LancingO'Curniciello - Italian restaurantLease dates: 26/08/2020 - 25/08/2030 (10 years)Annual Rent: 19,000
The current owner would be open to offer for these units only, as number 8 and flat 14 are detached and currently have interest from the tenants to buy.
Total income £71,530 per annum.
Residential Units - Flat 9. 99 years from 2002
Flat 10. 99 years from 2002
Flat 11. 99 years from 2002
Flat 12. 125 years from 2012
Flat 13. 99 years from 2002
Tenure - The property is available freehold subject to the mentioned leases.
Vat - We understand VAT is not charged on the purchase price.
Legal Fees - Each party to pay their own legal costs unless otherwise agreed.
Viewing - Strictly by appointment only through Robert Luff & Co.
Property information from this agent
About this agent

Our energetic and enthusiastic team will use the very latest technology expertly blended with good old-fashioned service to make a property move as smooth
as possible. Founded in 2010, but with a wealth of experience from some of the best in the business, we are quickly putting our unique stamp on the local
housing market. We guarantee to do as much as we can to effect sales and lettings quickly and we are committed to providing the very highest level of
service. Membership of The Ombudsman for Estate Agents will give you the comfort of knowing that our systems and procedures are carefully ... Show more
as possible. Founded in 2010, but with a wealth of experience from some of the best in the business, we are quickly putting our unique stamp on the local
housing market. We guarantee to do as much as we can to effect sales and lettings quickly and we are committed to providing the very highest level of
service. Membership of The Ombudsman for Estate Agents will give you the comfort of knowing that our systems and procedures are carefully ... Show more