Location Estimated Resident Population: 65,000 Miles: 6 miles south-west of Chichester 31 miles west of Brighton
Roads: A259
Position The property is located in an excellent trading location on London Road, close to its junction with High Street in the heart of Bognor town centre.
Nearby: Boots the Chemist, Wilkinson, Superdrug, New Look, Peacocks,WH Smith, Costa Coffee, Greggs, JD Sports and Bon Marché.
Description SHOP arranged on the ground and first floors.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First
Sales/Ancillary Ancillary
Total Commercial Area
Tenure Freehold.
Tenant JULIAN GRAVES LIMITED (1)
Lease Term: 35 years from 25th March 1987 Basis: FRI Rent: £39,500 per annum Reviews: 2012 and 2017 Expiry: March 2022 (2)
VAT is applicable to this lot – please see Special Conditions of Sale.
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £39,500 pa
Freehold Retail Investment in Popular West Sussex Town
• Let to Julian Graves Limited – part of Holland & Barrett Group
Net Internal Areas
90.11 sq m 49.24 sq m
139.35 sq m
970 sq ft 530 sq ft
(1,500 sq ft)
(1) Julian Graves started trading in 1987 and now trade from about 350 branches nationwide making it the UK’s largest independant specialist natural food and ingredients retailer. For the year of 09/10, Julian Graves reported a turnover of £64.2 million and pre-tax profits of £2.5 million. The ultimate holding company is NBTY (Europe) Limited which also owns Holland & Barrett. (Source: One Source One-Stop Report and Company website) (2) Please note that the lease was recently extended for a further 10 years by way of a Deed of Variation – please see legal documentation.
• Lease expires March 2022 (Lease Extension)
• Close to New Look, Peacocks, Wilkinson and Boots the Chemist
• 30Working Day Completion period available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Maceys. t: 0208 853 2710. e: terrymacey@hotmail.com Ref: T Macey Esq.