Freehold shop plus flat in Selsey — immediate income and two rear parking spaces.
Freehold shop with two-bedroom flat above, sold with tenants in situ
A freehold shop with a two-bedroom flat above, offered with both tenants in situ and a combined current annual income of £19,500. The ground-floor commercial unit is leased to a hair and beauty operator on a five-year contract starting 1 May 2025, while the first-floor flat is separately let at £750 pcm. Two allocated parking spaces sit to the rear — a convenience in a High Street location.
The property is compact (about 608 sqft) and built in the mid-20th century. The flat is accessed via external stairs and provides an open-plan living/dining area, two double bedrooms and a bathroom. The commercial space includes a main shop floor, treatment room, hair-wash room, rear lobby and cloakroom — arranged for immediate continuation of the current business use.
Practical considerations: the EPC for the flat is E, heating is by electric room heaters and the cavity walls are assumed uninsulated, so energy costs and upgrade works should be expected. Broadband speeds are slow in the area. The building presents a clear opportunity for an investor seeking rental income with potential to improve energy performance or reconfigure the space, but requires planned maintenance and possible refurbishment to raise long-term value.
Located on Selsey High Street within an ageing urban community, the site benefits from good local amenities, nearby schools rated Good, excellent mobile signal and an affluent local catchment. The sale suits a buyer seeking steady income and room to add value rather than someone looking for a turnkey residential home.
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