0 Bedrooms Land for sale in Middleton Business Park, Yapton Road, Middleton-On-Sea, Bognor Regis PO22 | £ 130,000

Property Description

General information The Arun Business Park can be found in the heart of a business district situated just north of Bognor Regis town centre which can be accessed via the A29 Shripney Road.

The property itself is a modern 2 storey business unit of steel portal frame construction with profiled metal sheet exterior cladding. The current layout comprises a private Entrance leading to ground floor lobby/reception area with stairs to first floor landing. The first floor has a further reception area, kitchen, staff w/c and 2 spacious offices. The first floor is separated by partition walling and this could easily be re-configured if required. Outside there are allocated parking spaces for two vehicles to the front.

This is an opportunity to purchase the Freehold interest of the building; part of the ground floor has been subdivided and sold off. We understand this is held on a 125 year ground lease from 24 June 1985 and the current Ground Rent received is £50 per annum.

Offered with vacant possession this opportunity is likely to suit a business owner or investor. With a projected rental income of up to £9,000 per annum an approximate 6.9% yield could be achieved.

Ground floor Approx. 229 Square Ft. Double Doors to Spacious Ground Floor Reception/Lobby Area with Store Room and Stairs leading to First Floor

first floor Approx. 957 Square Ft (Currently Partitioned) Currently laid out with Lobby area, kitchen, staff w/c and two spacious office areas.

Property Location

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