ground rent investment
6 Week completion
Occupying a prominent trading position within the heart of the Town Centre on the pedestrianised section of London Road close to the junction with the High Street, opposite Holland & Barratt and amongst other such multiples as New Look, WH Smith, EE, JD Sports, Greggs, Bon Marche, Robert Dyas and many others, being only a few minutes' walk from the Sea Front and Bognor Pier.
Bognor Regis is a popular coastal resort town and tourist destination, located just off the main A27 (via the A259) some 6 miles east of Chichester and 26 miles west of Brighton.
PROPERTY & ACCOMMODATION
An end of terrace building comprising 2 Ground Floor Shops with part first floor Sales and part first and second floor used as Ancillary.
VAT is applicable to this Lot
Leasehold for a term of 99 years (less one day) from 25th March 1935 at a fixed ground rent of £494.16 p.a. (thus having approx. 171/2 years unexpired.)
The entire property is let on a full repairing and insuring lease to Redcastle (Freeholds) Ltd (Part of Arcadia Group Limited) for a term of 99 years (less 3 days) from 25th March 1935 at a current rent of £1,127.16 per annum exclusive.