Property Type | A3 (Restaurants and Cafes) / Retail / High Street Retail / Retail - In Town |
Tenure | Lease Assignment |
Size | 768 sq ft |
Rent | £15,500 per annum exclusive of rates VAT & all other outgoings. |
Rates Payable | £5,613.75 per annum Based on 2023 valuation. Subject to status the tenant may qualify 100% small business rate relief. |
Service Charge | TBA |
EPC Rating | This property has been graded as D (90) |
A recently refurbished attractive, retail unit with a prominent frontage, comprising a sales area to the front with a kitchen/ office and W/C to the rear. A stud partition divides the rear from the front maybe able to be removed to configure a larger open plan space.
Name | sq ft | sq m |
Ground - Lock Up Shop/Office | 768 | 71.35 |
Total | 768 | 71.35 |
The subject property is located on the eastern side of North Road, just north of the junction intersecting Penstone Park. Nearby occupiers include Boots Pharmacy, Lancing Post Office, The Coffee Lounge as well as an array of other great occupiers in Lancing.
Available by way of assignment of the existing lease for a term of 7 years 15th of February 2023 to 14th February 2030 at a rent of £15,500 per annum exclusive with provisions for 3 yearly rent reviews. A rent deposit & personal guarantee will most likely be required subject to covenant status.