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55-57 High Street, Arundel, BN18 9AJ

  • Subasta
  • Lote 3
  • Reino Unido
  • Local
  • Comercial

Vendido

Anexo

The Special Conditions of Sale for the Property have been amended as at 22 February 2023 and the sale of the Property is a sale of part. The sale of the Property will be subject to these Special Conditions, which replace any previous Special Conditions. We also enclose the plan to show the extent of the Property being transferred and a TP1 dated 28 May 2020. The TP1 has not been registered at HM Land Registry and therefore the seller may hold the legal title to the part of the Property which was to be transferred by the TP1 on trust for Kudos Promotions Limited. Prospective buyers should further be aware that the TP1 does not reserve any express right of access in favour of the apartment at the ground floor rear of the Property. Prospective buyers MUST seek independent legal advice on these documents and the issues outlined in this Addendum and should only bid if they are happy to proceed. This information is provided by way of information and is given without warranty. The property is purchased at your risk and subject to your own investigations and enquiries.

Resumen de la propiedad

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold mixed use building
  • Ground floor retail/ part basement let to Digby Wine Limited
  • Rear flat, terrace, storage building and part basement store currently vacant
  • The communual areas and upper floors have been sold off on a long lease.  Refer to legal pack
  • Totals approximately316.19 sq m (3,402 sq ft)
  • Asset management/refurbishment opportunity
  • Affluent and prominent market town location
  • Currently producing £25,301 per annum (plus vacant flat)

Contactar con nosotros

Mat Harris
Mat Harris
El equipo está para ayudarte

Contactar con nosotros

Mat Harris
Mat Harris
El equipo está para ayudarte

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Descripción de la propiedad

The property comprises part ground floor and basement of a large late 18th Century Grade II listed four storey building which, according to its listing entry by English Heritage, is the former Town House of Lord Zouche of Parham Park.

There is a front retail area of about 83.53 sq m (899 sq ft t/a wine merchants), rear office/ancillary accommodation of about 25.82 sq m (278 sq ft), and basement 149.74 sq m (1,612 sq ft). There is a flat to the rear totalling about 57.10 sq m (615 sq ft), storage building and a rear terrace and basement store. We have been informed that the rear storage building has planning to convert it into an artist studio/gaeden house, with x2 sky lights (please make your own enquiries with the local planning department).

Ubicación

Arundel is a market town and civil parish in a steep vale of the South Downs, West Sussex. It lies about 49 miles south west of London, about 18 miles north west of Brighton, and 10 miles east of the county town of Chichester. Nearby towns include Worthing 8.6 miles to the south east, Littlehampton 3 miles to the south and Bognor Regis 7 miles to the south west. Arundel has a medieval castle and Roman Catholic cathedral as well as a museum. It comes second behind much larger Chichester in its number of listed buildings in West Sussex. The River Arun runs through the eastern side of the town.

The property is located on the western side of the High Street, towards the top of the high street and almost directly opposite the bounds of Arundel Castle within the heart of Arundel’s retail area.  This includes a mix of predominantly independent retailers, and some high street multiples such as Pizza Express. The railway station is located approximately 0.6 miles to the south and has direct links to London and Gatwick Airport.

Planificación

The property is Grade II listed and in a Conservation Area. Planning was also approved to use the the rear from A2 (Financial & Professional Services) to C3 (Dwelling Houses) & change of use at front from A2 (Financial & Professional Services) to A1 (Shops) in 2019 (Ref:AB/39/19/PL). 

Arun District Council (01903 737500) www.arun.gov.uk

Estado de Ocupación

The property is freehold.

A 999 year lease has been derived out of the freehold in respect of the entrance stairways and first, second and third floors, roof and parapet wall at roof level.  The lease commencement date is 11/11/2011 at an annual ground rent of £300 pa (refer to the legal pack).

Datos adicionales

AddressFloor/AccommodationFloor Area TenancyLease TermsRent (£ pa)
55-57 High Street

Ground - retail

Basement - storage

109.35 sq m (1,177 sq ft)

149.74 sq m (1,612 sq ft)

Digby Wine Ltd5 years from 01/11/2019£25,001
R/O 55-57 High Street

Ground - Rear flat

Outside - Terrace

Rear Store/Studio

57.10 sq m (615 sq ft)

31 sq m (331 sq ft)

Not measured

Vacant  
57A High StreetUpper floors 999 years from 11/11/2011 £300
TOTAL    £25,301

The measurements have been provdied by the Seller and are for guidance purposes only. Prospective buyers should rely on their own measurements.

Impuestos

Por favor refiérase a los documentos legales

Enlaces Útiles

*Términos y Condiciones

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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