9 Retail units and shops for sale in West Sussex - South East

High Yielding, South-East, Prime, Freehold Town Centre Retail Investment Opportunity. The property, constructed in the 1970s, comprises two substantial blocks. The first block is located along The Martlets, spanning almost the entire length of its prime western pedestrianised section, which serves as a primary thoroughfare connecting the County Mall Shopping Centre with Queens Square. Key tenants include Waterstones, Barclays, TUI Travel and Card Factory. Tesco Express, Sports Direct, Dunelm, O2, Caffe Nero and Longdan are situated opposite. The second block is positioned at the County Mall end of The Martlets directly opposite the Bus Station, encompassing addresses16-22 Haslett Avenue and 31-35 Broadway. This element is let to Kings Gym and a number of established local traders. Additionally, the property benefits from a surface and underground car park at the rear, providing 141 spaces with vehicular access from The Broadway. Whilst still within the freehold ownership, 24-26 The Martlets, 24 Haslett Avenue, 12 The Broadway and the upper levels at 14 Haslett Avenue have been effectively sold off on long leases (see tenancy schedule).

• 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. • The property sits at the entrance to Fontwell Meadows, a new 400 house development being constructed by Dandara. • Ground Floor GIA of 3,674 sq ft (341 sq m) with 14 customer car parking spaces. • Commencing Rent of £112,500 per annum. • Rents are reviewed 5 yearly and compounded annually to RPI, subject to a cap and collar of 1% - 3%. • 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.