2A The Steyne - Retail FOR SALE


Bognor Regis, WSX PO21 1TP
$650,000 USD
2A The Steyne, Bognor Regis, WSX for Sale
$650,000 USD
Retail - FOR SALE
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null | Request Cap Rate

2A The Steyne
Bognor Regis, WSX PO21 1TP


HIGHLIGHTS

  • Bognor Regis is an affluent and popular resort town
  • Prominent and attractive building with panoramic views
  • New Wayfinding scheme
  • Fully fitted restaurant premises finished to high standard throughout
  • Internally there is seating for around 110 covers, together with external seating for up to 50 covers currently

OVERVIEW

The property was recently constructed and occupies a prominent corner position on The Esplanade and is arranged over five floors. The upper floors are configured as five self-contained apartments, which have been sold off on long leases. The restaurant element is accessed via a ground floor lobby entrance, with stairs leading to both the lower ground floor and upper floor. There is also a customer lift servicing each floor. Internally, the lower ground floor provides seating for around 30 covers, a bar area, fully fitted kitchen (electric only), preparation areas and storage, together with customer and staff WC's. The upper floor benefits from panoramic views of the seafront, providing around 80 covers, and serving bar. There is also further storage and an office. Externally, the property benefits from a bin store, and plant room, which is accessed from Manor Place. The present occupier had a licence for external seating for around 50 covers, which they have not renewed. However, they are in discussions with the local authority to create a number of beach huts to provide further seating throughout the year for customers.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

West Lodge

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,009 SF

ZONING

-

APN/PARCEL ID

WSX270543

ASK ABOUT THIS PROPERTY

Sebastian MartinFlude Property ConsultantsMore Info

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