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Property for sale Sea Lane, Rustington

Asking price

£320,000

Added two days ago

Size: £229 per sq ft
Tenure: Freehold

Key features

Investment Opportunity
Freehold For Sale
Spacious Ground Floor Commercial Unit
Potential 1st & 2nd Floor Maisonette (STPC)
Courtyard Garden
Rear Store / Garage
Main Road Location
Between Village and Seafront
Vacant Possession

About this property

A rare opportunity to acquire a commercial freehold investment with the potential for a large self-contained maisonette above. (Subject to planning, which our client is applying for). 55-57 Sea Lane is a three storey commercial unit, for many years the unit has been used as office space however there is scope for a variety of different uses, subject to planning consent.

Floorplan

Council tax

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Location

Sea Lane, Rustington

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Mortgage and stamp duty

Property price £320,000

£160k £480k

Deposit10% £32,000

£0 £320k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £288,000 mortgage. Most lenders would want a household income of about £64,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.