Commercial Unit For Sale | Prominent Position | Approx. 1500 sq.ft. over Two Floors | Large Retail Area | Historic Town of Arundel | Previous Residential Use | Rare Opportunity
This commercial property dates back to the 16th Century. In Victorian times it was a candle factory, then in the 1980s it served as tea rooms. The property underwent extensive refurbishment in 2007 and 2010 and was used as an art gallery, and more recently a play centre and coffee shop.
This unique building offers spacious, versatile areas with the potential for a wide range of uses. In addition to the commercial use, the property also previously enjoyed residential accommodation on the first floor.
To the rear there is a small shared courtyard with rear access.
The property extends to approximately 1500 sq. ft. and has previously been let at a rent of £20,000 per annum.
Location
The premises are located in a prominent and central position just off the renowned Tarrant Street just a few hundred yards from the High Street. Very much the hub of the town, the property is surrounded by independent retail traders, other restaurateurs and businesses.
The town of Arundel synonymous with its castle and cathedral boasts a 1000 years of history and enjoys an all year round tourist trade with independent shops, contemporary art galleries, restaurants and cafes. A mainline railway station offers easy access to London and the A27 and A29 provide for easy commuting by road.
Type: Freehold Commercial with possible residential accommodation (STPC) Local Authority: Arun District Council Heating: Electric Storage Heating Please Note: Not listed but lies within a conservation area Net Internal Area: Approx. 1479 sq.ft. Rateable Value: £15,500 Rates Payable: £8,463 (£7,734.5 small business) EPC Rating: E
For further details, contact owners Agent, Glyn-Jones and Company
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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