Lot 83: FREEHOLD INVESTMENT/DEVELOPMENT OPPORTUNITY WITH MIXED USE PLANNING CONSENT

Mixed Commercial/Residential - Worthing & Littlehampton Areas
Mixed Commercial/Residential - Worthing & Littlehampton Areas
Unit 2.
Mixed Commercial/Residential - Worthing & Littlehampton Areas
Mixed Commercial/Residential - Worthing & Littlehampton Areas
Mixed Commercial/Residential - Worthing & Littlehampton Areas
Guide Price £499,950 – £549,950 * + Fees
47 Pier Road & Garages and Units 1 & 2 Rear Of 47 Pier Road, Littlehampton, West Sussex. BN17 5LW

Currently part let producing £16,300 per annum

Viewing by arrangement with Clive Emson Auctioneers

01273 504232

Richard Payne/Sam Kinloch

A freehold site comprising an end-terrace two storey building arranged as a ground floor shop unit with self-contained two bedroom flat above. To the rear there are three garages and two warehouse units.

The site, which is partly let, has recently been granted Planning Permission for the demolition of the rear buildings and erection of three ground floor offices/B1 commercial units and eight flats on the first and second floors.

Occupying a prominent position on the corner of Pier Road and Clifton Road the building overlooks the River Arun close to its estuary and opposite Littlehampton Golf Club and Yacht Club.

The comprehensive shopping facilities and amenities of Littlehampton town centre are within easy access with the mainline railway station situated a quarter of a mile to the east. There are excellent road links to all surrounding areas via the A259 and A27.

47 Pier Road

Ground Floor

Retail unit and cloakroom/W.C.

Tenancy

Currently vacant.

First Floor Flat

Ground Floor

Street access with stairs to:

First Floor

Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £7,800 per annum.

Rear of 47 Pier Road

Unit 1

Tenancy

Currently vacant.

Unit 2

Tenancy

Let on a three year internal repairing and insuring lease, from 1st June 2016, at a passing rent of £8,500 per annum.

Three Garages

Currently vacant.

Proposed Accommodation

Rear of 47 Pier Road

Ground Floor

Unit 1

Commercial space extending to 33 sq.m. (355 sq.ft.).

Unit 2

Commercial space extending to 29 sq.m. (312 sq.ft.).

Unit 3

Commercial space extending to 57 sq.m. (614 sq.ft.).

First Floor

Three Two-Bed Flats

Each with entrance hall, living room with incorporated kitchen, two bedrooms, bathroom with W.C and balcony or roof terrace.

One One-Bed Flat

Living room with incorporated kitchen, bedroom, bathroom with W.C and balcony.

Second Floor

Three Two-Bed Flats

Each with entrance hall, living room with incorporated kitchen, two bedrooms, bathroom with W.C and balcony or roof terrace.

One One-Bed Flat

Living room with incorporated kitchen, bedroom, bathroom with W.C and balcony.

Outside

Car park for eight vehicles accessed via Clifton Road.

Auctioneer’s Note

At the time of going to print the Auctioneer has not inspected the property and accommodation details have been provided by the Joint Auctioneer.

Site Measurements

0.07 hectares (0.16 acres).

Planning

Planning Consent was granted by Arun District Council under ref: LU/287/17/PL, dated 19th December 2017, for demolition of existing buildings, change of use and erection of one building incorporating office (B1 at ground floor) and eight dwellings at first and second floor level, subject to conditions. NB. The corner property at 47 Pier Road is to be retained in its existing form.

A copy of the Planning Consent and proposed plans will be available to download from the Arun District Council website, the Clive Emson website or inspection at the Auctioneer’s Office.

Freehold with Part Vacant Possession

Residential EPC: D
Commercial EPC: D

Map

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