- Commercial & Residential Property +
- Ground Floor Shop +
- Two-Storey Apartment +
- Two Double Bedrooms +
- Bright Sitting Room +
- Fitted Kitchen +
- Character Features +
- Town Centre Location +
- 999 Year Lease from 1979 +
VACANT. An end of terrace two bed APARTMENT AND A SHOP situated in the HEART OF OLD ARUNDEL available as an owner occupier or INVESTMENT opportunity. The building is divided into commercial and residential and brings in a potential combined rental income of £27,550 per annum. The Shop will be offered WITH VACANT POSSESSION.
A well-sized ground floor retail unit, currently occupied by a family-run business selling ladies’ clothing and handbags. The shop includes a cloakroom with WC and wash basin, a storage area, and steps leading to a cellar at the rear. The shop will be offered with vacant possession, allowing flexibility for a new owner or tenant. The potential combined rental income has approximately £27,550 per annum - comprising most recently £15,610 p/a for the shop and £11,940 p/a for the apartment.
On the first and second floor is the two bedroom apartment which has most recently achieved a monthly rental income of £1,195. The first floor comprises a bright living room with a bay window, feature fireplace, and some built-in cupboards.
The kitchen is fitted with neutral units with a wash basin and space for washing machine/dryer, gas cooker and fridge-freezer. The family bathroom is also located on the first floor featuring tiled flooring and fitted with a white suite comprising bath with wall shower, hand wash basin, heated towel rail & WC.
On the second floor, the master bedroom benefits from built-in cupboards and a feature fireplace and the second double bedroom is dual-aspect, also with a feature fireplace.
We have been advised that the lease on the building is 999 years from approx. 1979.
Disclaimer - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.
Directions - From our offices in the High Street turn left into Tarrant Street where number 6 can be found on the right-hand side.