freehold office & residential
ESTABLISHED LADIES FASHION BUSINESS FOR SALE AS A GOING CONCERN INTEREST *LOCATED WITHIN A POPULAR COMMUNITY PARADE * *MANAGED HANDOVER TO ASSIST TAKEOVER* *100% SMALL BUSINESS RATES RELIEF AVAILABLE*
WARDROBE EXCHANGE, 2 COASTGUARDS PARADE BARRACK LANE, BOGNOR REGIS WEST SUSSEX PO21 4DX Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION Bognor Regis is a bustling coastal town located on the Sussex coast, between Chichester and Littlehampton which lie approximately 7 miles and 7.4 miles to the southeast and west respectively. The town has an urban population of approximately 24,000 and a catchment population of 64,000. Coastguards Parade is located in the Aldwick district of Bognor Regis in a densely residential area, between the B2166 and the beach to the immediate south. The subject property is located in an established community shopping parade, which includes a butcher’s, hair studio, beauty salon, newsagent, sports equipment supplier, estate agents and coffee shop. A location plan and street view can be viewed online through Google Maps by typing in the property’s postcode PO21 4DX. DESCRIPTION A double window aspect retail shop arranged over ground floor extending to 527 sq ft (net internal area). The premises form part of a purpose-built community shopping parade and include the benefit of parking directly in front and an allocated parking space to the rear. PROPERTY FEATURES
Fitted changing rooms Allocated parking Parquet flooring Electric heating
Intruder alarm Cat II & chandelier lighting Security roller shutter Suspended ceilings with inset lighting
BUSINESS Trading under the name Wardrobe Exchange, the business has been trading for 3.5 years as a ladies boutique clothing retailer and dress agency. The business enjoys a good reputation locally being known for its friendly service to loyal customers and clients alike. We have been verbally advised that the business generates a weekly income between £600 to £1,500. We have been advised that 80% of revenue is generated from the new clothing sales with 20% being made up from split profits on dress agency sales. TERMS The premises are available by assignment of an existing lease at passing rent of £4,200 per annum exclusive. A rental deposit will be required. PREMIUM A premium of £22,000 is being sought for the goodwill interest, trade fixtures and fittings. VAT We have been advised that VAT will be not payable on the terms stated. LEGAL COSTS A contribution of £395 towards the assignor’s legal costs will be required by assignee / purchaser.
PLANNING The existing Use Classes of the property falls within A1 Shops of the Town and Country Planning (Use Classes) Order 1987 (as amended). BUSINESS RATES (2016/2017 FINANCIAL YEAR) The current Rateable Value advertised online by the Valuation Office Agency www.voa.gov.uk is £3,600. The Uniform Business Rate for 2016/2017 is 49.0p in the £, making the Rates Payable £1,764. Our client has advised us that 100% Small Business Rates Relief is available on the premises. Properties with a Rateable Value less than £6,000 are eligible for Small Business Rate Relief. Interested parties are advised to contact Arun District Council Business Rates Department on 01903 737 752 to verify the above.
VIEWING ARRANGEMENTS Whilst the premises may be informally inspected as a customer, we would ask all parties to strictly respect our client’s wishes and not to approach any staff members. Viewing times are ideally suited to out of hours trading times. Arrangements for thorough inspections are to be made by appointment only with sole selling agents Henry Adams Commercial. CONTACT Andrew Mark Algar - Head of Commercial Agency 01403 282 519 07868 434449 [email protected]
LOCATION MAPS – NOT TO SCALE
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
WARDROBE EXCHANGE, 2 COASTGUARDS PARADE BARRACK LANE, BOGNOR REGIS WEST SUSSEX PO21 4DX Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION Bognor Regis is a bustling coastal town located on the Sussex coast, between Chichester and Littlehampton which lie approximately 7 miles and 7.4 miles to the southeast and west respectively. The town has an urban population of approximately 24,000 and a catchment population of 64,000. Coastguards Parade is located in the Aldwick district of Bognor Regis in a densely residential area, between the B2166 and the beach to the immediate south. The subject property is located in an established community shopping parade, which includes a butcher’s, hair studio, beauty salon, newsagent, sports equipment supplier, estate agents and coffee shop. A location plan and street view can be viewed online through Google Maps by typing in the property’s postcode PO21 4DX. DESCRIPTION A double window aspect retail shop arranged over ground floor extending to 527 sq ft (net internal area). The premises form part of a purpose-built community shopping parade and include the benefit of parking directly in front and an allocated parking space to the rear. PROPERTY FEATURES
Fitted changing rooms Allocated parking Parquet flooring Electric heating
Intruder alarm Cat II & chandelier lighting Security roller shutter Suspended ceilings with inset lighting
BUSINESS Trading under the name Wardrobe Exchange, the business has been trading for 3.5 years as a ladies boutique clothing retailer and dress agency. The business enjoys a good reputation locally being known for its friendly service to loyal customers and clients alike. We have been verbally advised that the business generates a weekly income between £600 to £1,500. We have been advised that 80% of revenue is generated from the new clothing sales with 20% being made up from split profits on dress agency sales. TERMS The premises are available by assignment of an existing lease at passing rent of £4,200 per annum exclusive. A rental deposit will be required. PREMIUM A premium of £22,000 is being sought for the goodwill interest, trade fixtures and fittings. VAT We have been advised that VAT will be not payable on the terms stated. LEGAL COSTS A contribution of £395 towards the assignor’s legal costs will be required by assignee / purchaser.
PLANNING The existing Use Classes of the property falls within A1 Shops of the Town and Country Planning (Use Classes) Order 1987 (as amended). BUSINESS RATES (2016/2017 FINANCIAL YEAR) The current Rateable Value advertised online by the Valuation Office Agency www.voa.gov.uk is £3,600. The Uniform Business Rate for 2016/2017 is 49.0p in the £, making the Rates Payable £1,764. Our client has advised us that 100% Small Business Rates Relief is available on the premises. Properties with a Rateable Value less than £6,000 are eligible for Small Business Rate Relief. Interested parties are advised to contact Arun District Council Business Rates Department on 01903 737 752 to verify the above.
VIEWING ARRANGEMENTS Whilst the premises may be informally inspected as a customer, we would ask all parties to strictly respect our client’s wishes and not to approach any staff members. Viewing times are ideally suited to out of hours trading times. Arrangements for thorough inspections are to be made by appointment only with sole selling agents Henry Adams Commercial. CONTACT Andrew Mark Algar - Head of Commercial Agency 01403 282 519 07868 434449 [email protected]
LOCATION MAPS – NOT TO SCALE
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
