Summary - 104, THE STREET BN16 3NJ
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold commercial investment in Rustington Village
- Large double unit extending nearly 3,000 sq. ft.
- Established long-term tenants; annual gross rental income of £29,690
- Mixed-use property with a day nursery and versatile office space
- Prominent location in a vibrant village center
- Recent conservatory addition enhancing the space
**Concerns:**
- 18 years remaining on the longest tenant lease may limit mortgage options
- Structured issues; cavity walls without insulation assumed
Embrace a rare opportunity to invest in a prime freehold commercial property located at the heart of Rustington Village. This impressive double unit, featuring extensive over two floors, currently hosts a successful day nursery and a versatile office space with additional lock-up shop. The property, constructed between 1900 and 1929, showcases charming Edwardian architecture with modern updates, including a newly built conservatory that enhances its appeal.
Ideal for investors seeking stable income and growth potential, the property generates a total annual rental income of £29,690 from its established tenants. While the significant remaining lease period of 18 years may present challenges with financing, the vibrant local economy and demand for commercial premises suggest serious value appreciation in the near future. Surrounded by a variety of amenities and a growing population, this commercial space not only promises a profitable investment but also a chance to be part of a bustling community. Don’t miss out—properties like this are rare in such a desirable location!
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