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Guide price
£525,000

Retail property (high street) for sale

3, 4 & 5 Station Parade, Lancing, West Sussex, BN15
Retail property (high street)
Added > 14 days

Features and description

  • Tenure: Freehold
  • Comprising of 3x Retail Units & 2x Self Contained Residential 2 Bedroom Flats
  • Potential To Convert Remaining First Floor Offices / Storage into Residential (stpc)
  • Potential For Air Space Development (subject to planning)
  • Potential To Produce Circa £50,000 Per Annum
  • Nearby Occupiers Include ASDA Supermarket, Lancing Mainline Railway Station, Poundstretcher and Boots
  • Superb Transport Links to A259 & A27 Roads
A rare opportunity to acquire the unbroken freehold of a substantial commercial and residential building situated in the heart of Lancing village. The opportunity comprises of 3x ground floor retail premises with 2x self contained two bedroom flats above. There is potential, subject to gaining the necessary planning consents to convert further space above the middle shop into a residential apartment whilst it is felt there is further planning potential to build into the air space above. A brief description of each entity included within the sale is as follows:

3 Station Parade
Comprising of a part refurbished ground floor retail / office premises. Internally the premises benefit from 19ft window frontage and have been stripped ready for a new Tenant to fit out as required. Currently no lighting or power points have been installed whilst there is a void for the kitchenette at the rear where a newly installed WC is located.

4 Station Parade
Internally the premises benefit from 19ft window frontage, old fashioned ceiling tiles with LED strip lighting, carpeted flooring, ample electrical points and single glazing. At the rear of the property is a small store area, lean to store, WC and kitchenette. This unit does require some modernisation.

5 Station Parade
Internally the premises benefit from 19ft window frontage, plasterboard ceiling with inset spotlighting, vinyl flooring, ample electrical points and double glazing. There is a WC and kitchenette located at the rear.

3a Station Parade
Comprises of a self contained recently refurbished two bedroom residential flat. Comprising of open plan lounge / kitchen, two double bedrooms with separate bathroom and utility room. Superbly presented ready for immediate occupation.

4a Station Parade
Comprises of storage and office accommodation situated directly above the ground floor retail premises. In need of modernisation throughout and could, subject to planning be converted into a residential apartment.

5a Station Parade
Comprises of a small self contained two bedroom residential flat. Comprising of lounge / kitchen, one double, one single bedroom and bathroom. This flat requires some modernisation.

Property information from this agent

About this agent

Justice & Co - Worthing
Justice & Co - Worthing
307 Goring Road, Worthing, West Sussex, BN12 4NX
01903 929417
Full profileProperty listings
Justice & Co are Commercial property agents based in Worthing BN11 1TF
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