FOR SALE - Realla
2 Broadbridge House, Bosham Lane Bosham, Chichester PO18 8HT
FOR SALE Long Leasehold Retail Investment Total Area: 14.26 sq m (153 sq ft)
Key Features • Bosham is a sought after coastal village Unit 1
Unit 2
Unit 3
• Well presented ground floor lock-up shop • On site parking for up to two cars • Let to Sims Williams LLP on an effectively FRI lease • Rent £6,750 per annum exclusive • Price £75,000 subject to contract, for the long leasehold
Agency | Lease Advisory | Management | Valuation | Investment | Development
2 Broadbridge House, Bosham Lane Bosham, Chichester PO18 8HT Location Bosham is a coastal village and civil parish in the Chichester District of West Sussex. It is located about two miles to the south of the A27 south coast trunk road, and lies approximately 12 miles east of Portsmouth, and five miles west of Chichester. Description The property comprises a ground floor lock-up shop, which forms part of a detached three-storey building. Internally, the ground floor is configured as a terrace of three lock-up shops, with the subject property being the middle unit. All three retail units benefit from having a right to use toilet facilities which are located in the rear addition and accessed externally. Currently Units 2 and 3 Broadbridge House are let as a single retail unit under two separate leases, by Sims Williams LLP. On expiry the tenant is responsible for putting the shops back to two separate units. The tenant is currently not in occupation. Accommodation We have measured and calculate the accommodation to have an approximate net internal floor area of 14.26 sq m (153 sq ft). Planning Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues. EPC To be confirmed. We understand the property has an EPC rating of D.
Terms The property is held by way of an effectively full repairing and insuring long leasehold interest for a term of 150 years from 18 May 1984, expiring on 17 May 2134. The ground rent is currently £100 per annum. There is an effectively full repairing and insuring sublease dated 24 June 2016 to Sims Williams LLP for a term of 10 years from 01 May 2015. The tenant has the option to determine the lease on 01 May 2020, subject to six months notice. The passing rent is £6,750 per annum, which is subject to an open market (upward only) rent review on 01 May 2020. We have been instructed to quote a price of £75,000 subject to contract. VAT Rents and prices are quoted exclusive of, but may be subject to VAT. Legal Fees Each party to bear their own legal costs incurred.
Viewings and Further Information Please contact the sole agents Flude Commercial: Sebastian Martin [email protected] 01243 929135 Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property. We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and small business relief. 17 March 2017 AWAITING CLIENTS
Flude Commercial | Chichester | West Sussex PO19 1ES
2 Broadbridge House, Bosham Lane Bosham, Chichester PO18 8HT Location
All plans are for indicative purposes only
Flude Commercial | Chichester | West Sussex PO19 1ES
FOR SALE Long Leasehold Retail Investment Total Area: 14.26 sq m (153 sq ft)
Key Features • Bosham is a sought after coastal village Unit 1
Unit 2
Unit 3
• Well presented ground floor lock-up shop • On site parking for up to two cars • Let to Sims Williams LLP on an effectively FRI lease • Rent £6,750 per annum exclusive • Price £75,000 subject to contract, for the long leasehold
Agency | Lease Advisory | Management | Valuation | Investment | Development
2 Broadbridge House, Bosham Lane Bosham, Chichester PO18 8HT Location Bosham is a coastal village and civil parish in the Chichester District of West Sussex. It is located about two miles to the south of the A27 south coast trunk road, and lies approximately 12 miles east of Portsmouth, and five miles west of Chichester. Description The property comprises a ground floor lock-up shop, which forms part of a detached three-storey building. Internally, the ground floor is configured as a terrace of three lock-up shops, with the subject property being the middle unit. All three retail units benefit from having a right to use toilet facilities which are located in the rear addition and accessed externally. Currently Units 2 and 3 Broadbridge House are let as a single retail unit under two separate leases, by Sims Williams LLP. On expiry the tenant is responsible for putting the shops back to two separate units. The tenant is currently not in occupation. Accommodation We have measured and calculate the accommodation to have an approximate net internal floor area of 14.26 sq m (153 sq ft). Planning Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues. EPC To be confirmed. We understand the property has an EPC rating of D.
Terms The property is held by way of an effectively full repairing and insuring long leasehold interest for a term of 150 years from 18 May 1984, expiring on 17 May 2134. The ground rent is currently £100 per annum. There is an effectively full repairing and insuring sublease dated 24 June 2016 to Sims Williams LLP for a term of 10 years from 01 May 2015. The tenant has the option to determine the lease on 01 May 2020, subject to six months notice. The passing rent is £6,750 per annum, which is subject to an open market (upward only) rent review on 01 May 2020. We have been instructed to quote a price of £75,000 subject to contract. VAT Rents and prices are quoted exclusive of, but may be subject to VAT. Legal Fees Each party to bear their own legal costs incurred.
Viewings and Further Information Please contact the sole agents Flude Commercial: Sebastian Martin [email protected] 01243 929135 Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property. We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and small business relief. 17 March 2017 AWAITING CLIENTS
Flude Commercial | Chichester | West Sussex PO19 1ES
2 Broadbridge House, Bosham Lane Bosham, Chichester PO18 8HT Location
All plans are for indicative purposes only
Flude Commercial | Chichester | West Sussex PO19 1ES
