Property photos
Under offer
Freehold
£300,000
(£495.05/sq. ft)
Retail premises for sale
34-36 Crabtree Lane, Lancing, West Sussex BN15606 sq. ft
Local area information
Property location
Nearby amenities
- The Globe Primary Academy 0.3 miles
- Lancing 0.4 miles
- North Lancing Primary School 0.5 miles
- East Worthing 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Lancing to find out more about the local area.
Features and description
- Freehold
- Income Producing
- Two Bedroom Flat
- Situated in an Established Parade
- 100% Rate Relief (sts)
Location
The premises is located just over half a mile from Lancing town centre with its range of shopping facilities, cafes and restaurants. Lancing mainline train station is situated 0.6 miles away and provides short commuting routes to Worthing and Brighton. Local bus services also pass close by providing access to surrounding areas and offering easy access to the A27.
Description
This mid-terraced property presents an opportunity to acquire a mixed-use building comprising a fully let ground-floor commercial unit and self-contained maisonette arranged over the upper floor. The property currently generates a rental income of £27,600 per annum, with the commercial unit contributing £12,000 and the residential unit producing £15,600 per annum.
The ground floor features a predominantly open-plan layout, benefiting from a rear storage room, WC, and single access door to the rear. The unit is currently let on a 20-year lease that commenced in 2021.
Accessed via an external staircase, the upper floors comprise a self-contained marionette arranged over two floors, offering two bedrooms, a living room, kitchen, and bathroom.
Externally, the property offers a rear garden and rear access.
Price
Offers are invited in the region of £300,000 for the freehold interest.
Tenure Comments
Freehold investment
Rent
The premises are let on a 20 year lease, from 2022, at a current rent of £12,000 per annum, exclusive.
The flat is let and producing a rent of £15,600 per annum.
EPC
The property has an EPC rating of C - 59.
VAT
We are informed that VAT is not applicable on the terms quoted.
Use
We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents,
Jacobs Steel.
The premises is located just over half a mile from Lancing town centre with its range of shopping facilities, cafes and restaurants. Lancing mainline train station is situated 0.6 miles away and provides short commuting routes to Worthing and Brighton. Local bus services also pass close by providing access to surrounding areas and offering easy access to the A27.
Description
This mid-terraced property presents an opportunity to acquire a mixed-use building comprising a fully let ground-floor commercial unit and self-contained maisonette arranged over the upper floor. The property currently generates a rental income of £27,600 per annum, with the commercial unit contributing £12,000 and the residential unit producing £15,600 per annum.
The ground floor features a predominantly open-plan layout, benefiting from a rear storage room, WC, and single access door to the rear. The unit is currently let on a 20-year lease that commenced in 2021.
Accessed via an external staircase, the upper floors comprise a self-contained marionette arranged over two floors, offering two bedrooms, a living room, kitchen, and bathroom.
Externally, the property offers a rear garden and rear access.
Price
Offers are invited in the region of £300,000 for the freehold interest.
Tenure Comments
Freehold investment
Rent
The premises are let on a 20 year lease, from 2022, at a current rent of £12,000 per annum, exclusive.
The flat is let and producing a rent of £15,600 per annum.
EPC
The property has an EPC rating of C - 59.
VAT
We are informed that VAT is not applicable on the terms quoted.
Use
We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents,
Jacobs Steel.
Floor plans and tours
Floor plans (2)
More information
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