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Freehold commercial building

Littlehampton, BN17 - Get Access

Description

A substantial freehold commercial property occupying a prominent position within Littlehampton town centre. The vacant property comprises a former bank building together with office and retail accommodation and benefits from planning permission for a comprehensive mixed-use redevelopment scheme. Consent has been granted for the conversion and reconfiguration of the building to provide four commercial units and six residential flats. Commercial Unit 1 measures 45 sq m (484 sq ft), Commercial Unit 2 measures 58 sq m (624 sq ft), Commercial Unit 3 measures 78 sq m (840 sq ft), and Commercial Unit 4 measures 84 sq m (904 sq ft). The residential units comprise Flat E (3 Bed) at 87 sq m (936 sq ft), Flat F (1 Bed) at 51 sq m (549 sq ft), Flat G (2 Bed) at 87 sq m (936 sq ft), Flat H (1 Bed) at 58 sq m (624 sq ft), Flat J (2 Bed) at approximately 101 sq m (1,087 sq ft), and Flat K (1 Bed) at 45 sq m (484 sq ft). Alternatively, the property presents asset management potential through the letting of the accommodation in its current configuration. The property occupies a prominent position on Beach Road in the popular West Sussex coastal town of Littlehampton, just a short distance from the town centre and seafront. Littlehampton benefits from a strong mix of residential, retail and leisure amenities, with nearby occupiers including a range of national and independent retailers, supermarkets, cafés and public services. The town serves a wide catchment area across the Sussex coast and is well positioned between Brighton, Chichester and Worthing, making it an established commercial and residential destination. Littlehampton benefits from good road and rail connectivity. Littlehampton Railway Station is within easy reach, providing regular services to London Victoria, Brighton and Portsmouth, while the A259 coastal road and nearby A27 offer convenient access to Worthing, Chichester and the wider South East road network.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,389 sq ft (Floor plan)

This substantial former bank building on Beach Road in Littlehampton was valued by assessing its current commercial space and the significant value added by its approved planning consent for residential and commercial conversion. The 1,389 sq ft property currently presents in dated condition with worn commercial finishes and surface wear, requiring a moderate programme of modernisation.

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