Home > Auctions > 19 March 2024 19 March 2024 - 9:00am > Lot 131

19 March 2024: Tuesday 19 March 2024 - 9:00am
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    Key features

    • Investment let at £22,000p.a. Part vacant as owner occupied half the office space and has recently vacated
    • Used as multiple office spaces with the added benefit of meeting rooms, communal kitchens and conference space
    • We have been advised that the ground floor space (recently vacated by owner) is to be advertised at a rent of £30,000 p.a.
    • Future development potential to convert the property into a dwelling/s (subject to the requisite consents)
    • Future development opportunities for multiple dwellings in the plot (subject to the requisite consents)
    • Multiple car parking spaces
    • Total site an approx. 0.49 acre
    • An approx. 3300 Sq. Ft (306.58 Sq. m)
    • Low capital value of £143.93 per Sq.ft on guide

    Description

    A freehold detached former public house converted into multiple office spaces, with further development potential to convert into a dwelling/s (subject to the requisite consents). The property is situated on an approx. 0.49 acre plot; which offers future development potential to add additional dwelling/s to the site (subject to the requisite consents)

    Currently laid out with a self-contained apartment on the first floor which has been converted into offices, but could be converted back. Downstairs has some original features left including part of the bar, customer toilets and fireplace, which has also been partially converted into office space. Including a conference room and a meeting room.

    There is also multiple car parking spaces located on site.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Please note that the office sizes do not include the communal meeting rooms and other space.

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Rent

    £22,000 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

    Please note that the pro map image is only an illustration of the land in the

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        Accommodation / Tenancy Schedule

        Local information

        Transport

        Angmering Station 1.7 miles

        Arundel Station 2.7 miles

        Goring-by-Sea Station 2.8 miles

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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