Property for sale
Property description & features
- Freehold Investment Opportunity
- Prominent Parade
- Lancing Village Centre
- Fantastic Yield
- 7 Commercial Units
- Leasehold Flat Renewal Opportunity
- Sole Agents
- Ground Rent Income
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
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Property reference 33126132. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Robert Luff & Co - Lancing.
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Broadband availability and predicted speed
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on May 17, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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