Summary - Rear Flat, 17-19 Beach Road BN17 5JA
1 bed 1 bath Retail Property (high street)
### Standout Features:
- Freehold of a charming mid-terrace Victorian property.
- Generating £14,300 annual income with a 8% net yield.
- Ground floor retail space currently operating as an Eastern European supermarket.
- Historic Tudor Revival façade with large double-glazed front.
- Three self-contained flats above, sold off separately.
- High foot traffic area on Beach Road, ideal for commercial visibility.
- No planning restrictions on ground floor use.
### Notable Concerns:
- Only 9 years left on the lease, potential mortgage challenges for buyers.
- High local crime rates and area deprivation may impact long-term investment potential.
- Limited broadband speeds and average living conditions may require attention.
### Summary Description:
This Victorian mid-terrace property presents a unique investment opportunity in busy Littlehampton, offering a blend of retail and residential options. The inviting ground floor retail space features a spacious, open-plan layout with modern amenities, including tiled flooring and a 22-foot double-glazed entrance, suitable for a variety of business ventures. Nestled in a prominent high street location on Beach Road, the property is ideally placed for high foot traffic and community engagement.
Valuable income potential is already established with an annual yield of 8% from the retail space, although buyers should note the limited lease period, which could complicate financing. Above the retail unit, the self-contained apartments enhance the potential for expansion. While the neighborhood presents challenges such as high crime rates and area deprivation, the local amenities and proximity to well-rated schools make it appealing for families and investors alike.
This property might not be available for long—don’t miss your chance to secure a prime spot in Littlehampton's vibrant community.
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