5 Steeplechase Way Fontwell, BN18 0YE

For Sale
5 Steeplechase Way, Arundel - Picture 2025-01-20-12-42-57

Agents

McMullen Real Estate logo

McMullen Real Estate

Tim Saull

Use Class

Use Class

E

Size

Size

3,674 sq ft

Price

Price

£1,840,000

Description

• Very attractive convenience store investment in a prominent position opposite Fontwell Park Racecourse.

• Let to the Southern Co-operative Limited on a new 20 year lease from completion (no breaks).

• 999 year Long Leasehold interest over the ground floor and retail parking area, subject to a peppercorn rental from completion, targeted 31st March 2025.

Accommodation

3,674 Sq.Ft

Financial

Costs

We are instructed to seek offers in excess of £1,840,000 (One Million Eight Hundred and Forty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 5.75% after allowing for the usual purchaser’s costs.

Tenure

Freehold

Tenure Detail

Freehold

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2025 Completely Property Technology Limited

This was last updated on 20/01/2025