34 Crabtree Lane, Lancing, West Sussex, BN15 9PQ

Property Details: • Type: 606 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Income Producing • Flat Sold off on a Long Lease • Situated in an Established Parade

Location: • Nearest Station: Lancing Station • Distance to Station: 0.4 miles

Agent Information: • Address: 12 Chapel Road, Worthing, BN11 1BJ

Full Description: LocationThe premises is located just over half a mile from Lancing town centre with its range of shopping facilities, cafes and restaurants. Lancing mainline train station is situated 0.6 miles away and provides short commuting routes to Worthing and Brighton. Local bus services also pass close by providing access to surrounding areas and offering easy access to the A27.DescriptionAn opportunity to purchase a freehold investment along an established parade of shops located in Lancing. This mixed use property is arranged over two floors and made up of a first floor flat, which is sold off on a long lease of 125 years and ground floor shop, currently let on a 20 year lease from 2021 and produces an income of £12,000pax. PriceOffers are invited in the region of £150,000 for the freehold interest.Tenure CommentsFreehold investmentRentThe premises are let on a 20 year lease, from 2022, at a current rent of £12,000 per annum, exclusive.EPCThe property has an EPC rating of C - 59.VATWe are informed that VAT is not applicable on the terms quoted.UseWe understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.Legal FeesEach party is responsible for their own legal fees in this transaction.ViewingStrictly by appointment with Sole Agents, Jacobs Steel.