March 2022: Wednesday 02 March 2022 - 9:00am
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    Key features

    • Asset Management Opportunities include re-letting of unit & development potential
    • Plans have been produced for a scheme including extension of retail unit, together with three flats over ground and first floors
    • Currently comprises approximately 156.46 sq m (1,684 sq ft) - new extension would provide a further 117 sq m (1,259 sq ft)
    • Attractive Property in Affluent and Attractive West Sussex Town
    • VAT-Free Opportunity

    Description

    The property comprises a former ground floor bank which benefits from active asset management opportunities including development potential. Plans have been drawn up to re-develop the property to comprise an extension to the retail unit with three apartments arranged over ground and first floors (2x one bed & 1x two bed) - See Planning. Plans are available in the legal pack.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note that the areas have been taken from VOA and the property has not been inspected by Savills.


    Approximate Floor Areas

    Ground Floor - 156.46 sq m (1,684 sq ft)


    Tenancy

    Vacant Possession

    Planning

    The property may benefit from development potential subject to necessary consents. The vendor has plans drawn out for a scheme including an extension to the retail unit on the ground floor with three apartments over ground and first floors (2x one bed & 1x two bed). Please contact West Sussex Planning Authority for further information (www.westsussex.gov.uk).


    Rent

    Vacant Possession
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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

      Storrington is an affluent and attractive South East town approximately 9 miles north of Worthing and 12 miles south of Horsham. The property is situated in a prominent position on the north side of High Street, with nearby retailers including Boots the Chemist, Waitrose, Costa Coffee and a number of independent cafes, shops and restaurants.

      Transport

      9 miles north of Worthing

      12 miles south of Horsham

      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.

      Addendums