Pier Road, Littlehampton
An excellent opportunity to acquire this mixed freehold residential and commercial investment property, situated in the heart of Littlehampton town centre with easy access to the High Street, car parks and railway station.
Included in this investment are; a retail shop unit on the ground floor with kitchen, staff area and basement with power and light. The retail shop is approximately 480 sq ft and is currently let on a full repairing lease at £10,800 per annum, exclusive of business rates and insurance. Future income potential is around £12,000 per annum.
Above the retail shop there are four room lets, a communal kitchen and bathroom, along with a shared courtyard at the rear of the property. The room lets currently return an annual income of £22,800 however the potential is now in the region of £25,400.
The property has been let for a number of years and is considered ideal for continued investment.
It is also considered that there may be future potential to add a second floor to the single storey section to provide a further residential unit, subject to all necessary consents being obtainable.