A rare opportunity to acquire a commercial freehold investment in this prominent position in the heart of the important historic town of Arundel.
51 High Street is a Grade II listed property of significant historical interest. Believed to originally date back to the 16th Century, with the brick frontage on the High Street side (East) added in the late 19th Century. The building has been well maintained in recent years and is offered for sale with no obvious immediate requirements for restorative or remedial works.
51 High Street is currently used as commercial premises with the ground floor trading as a restaurant and the first floor utilised as five separate office space lets. There is planning consent granted for a rear first floor extension that would provide a sixth office space and additional revenue.
The property extends to approximately 2500 sq. ft and is currently fully let with five established tenants providing a gross rental income of £75,600. (£73,000 net after minimal outgoings).
The premises are located in a prominent and central position on the corner of the High Street and Tarrant Street. Very much the hub of the town, the property is surrounded by independent retail traders, other restaurateurs and businesses.
The town of Arundel synonymous with its castle and cathedral boasts a 1000 years of history and enjoys an all year round tourist trade with independent shops, contemporary art galleries, restaurants and cafes. A mainline railway station offers easy access to London and the A27 and A29 provide for easy commuting by road.