About

Fantastic opportunity to acquire a mixed-use freehold investment property on the south coast, subject to a retail commercial lease, an AST and a residential long lease.

No. 14 is a lock up retail unit equating to approx. 324 sq ft trading as Holy Cow, which is an independent ice cream parlour with a supplementary food and drink offering. Holy Cow have been in occupation for 10 years; their current lease runs from 16th February 2025 for a term of 5 years with a mid-term tenant only break and a passing rent of £9,000 per annum exclusive. There is also a Head Lease of No.14 which enables the property to be held in a SIPP.

No. 14a is a 2 bedroom maisonette accessed by its own front door and hallway at ground floor level to the rear of the retail unit. There is a separate kitchen, large living/dining room, bathroom at first floor and 2 spacious double bedrooms on the 2nd floor. There is good storage throughout and it has its own private garden. There is a separate Head Lease included in the sale, subject to a periodic tenancy with a passing rent of £14,280 pa.

No. 14b is a 1 bedroom dwelling over ground and first floor with secure garden. It benefits from a separate kitchen and living room on the ground and 1 double bedroom and bathroom at first floor level. 14b has been sold-off on a Long-Leasehold Interest expiring 28 September 2085 (59 years unexpired) with a ground rent of £100 per annum.

A copy of the legal pack is available upon application.