April 2021: Wednesday 14 April 2021 - 10:00am
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    Key features

    • Site currently let to Barclays Bank £28,750 per annum (Notice served - Break date 29th September 2021)   
    • Current tenant has been in occupation since 1994 and a dilapidation report is currently being drafted
    • Development potential for 24 HMO flats and corner units (Plans drawn up and Subject to Necessary Consents)       
    • Potential for other possible residential led scheme for the site (Subject to Necessary Consents)
    • No VAT

    Description

    The property comprises of an extensive three storey period building situated on the junction of the High Street and East Street in Littlehampton Town.

    The building has good corner frontage and offers potential to fully utilise the existing upper floors and develop further to the side and rear of the property (Subject to Necessary Consents)

    Additional information

    Tenure

    Freehold

    Accommodation

    The property has the approximate floor areas:

    Ground Floor - 2,895 sq ft

    First Floor - 1,214 sq ft

    Second Floor - 922 sq ft

    Total 5,031 sq ft


    Tenancy

    Entire Site currently let to Barclays Bank £28,750 per annum (Notice served - Break date 29th September 2021)

    Let on an effective FRI lease commencing 29th September 2019 on a 3 year term subject to an annual tenant only break clause ( 6 months written notice)

    The Lease is inside the Landlord and tenant act. This offers the potential purchaser the opportunity to utilise the upper floors currently occupied by Barclays.


    Planning

    Plans have been drawn up for a mixed use development comprising of 24 HMO units and corner retail unit.

    A planning application has not yet been submitted

    Proposed plans can be provided on request

    Rent

    Total current rent £28,750 per annum

    Notes

    Please note the site areas provided are approximate. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Littlehampton is a popular West Sussex town located on the south Coast.

      The property is located on the High Street with other occupiers including Boots, Halifax, Costa, New Look and Sainsbury located close by.

      Transport

      National Rail - Littlehampton (approximately 0.3 miles from the property)

      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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