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Sainsbury’s, Littlehampton

Littlehampton Railway Station, Littlehampton BN17 5BE, UK

Basic Facts

Property ID: 12251 Brochure Link: Download Brochure
Post Updated: 2022-06-24 10:45:21 Status:
Type: Tenure: Freehold
Area: 23619 sq ft Gross Rent: £ 295,000
Lease Term: 10 yrs from Nov' 18 FR&I Lease Term Expiry Date: 20/11/28
Years left on Lease: 4.4 VAT applicable: Yes

Property Description

  • Blue-Chip Freehold Supermarket Investment.
  • The property comprises of a two-storey, double fronted retail unit.
  • The store sits on a 0.43 acre site (23,619 sq ft), the ground floor consists of retails and ancillary space, whilst the upper floor provides ancillary storage,offices & staff accommodation.
  • Access can be gained via both the front and rear of store, with 212 car parking space.

Location Description

  • Littlehampton is a popular seaside town on UK’s south coast within West Sussex.
  • The town benefits from immediate access to A27, which provides access towards Brighton and Eastbourne to the east and towards Chichester and Portsman in the west.
  • The town has a population of 55,000, with a wider catchment population of 475,000 which has access to three railway stations.
  • The stations provide direct and regular services to London Victoria, Brighton, Gatwick Airport, Portsmouth and Southampton.
  • The property is situated within the heart of Littlehampton town centre fronting onto the busy, pedestrianised high street.
  • The property lies within Littlehampton’s prime retail pitch.  Other occupiers within immediate vicinity include WHSmith, Superdrug, NatWest and Boots.

Tenancy

  • The property is let in its entirety to Sainsbury’s Supermarket on a 10 year F&I lease from 20th November 2018 at a current passing rent of £295,000 per annum.
  • The rent is payable monthly in advance and review ever 5 years, the next review date is 20th November 2023.

Features

£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Suitable for a SIPP

View on Map

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