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Prime Freehold Investment Opportunity in Central Selsey
We are delighted to present a rare opportunity to acquire a well-positioned mixed-use freehold investment in the vibrant heart of Selsey High Street. Situated just moments from the seafront and close to ongoing development projects, this versatile asset offers solid existing income and exciting future growth potential in one of West Sussex’s most desirable coastal locations.
Property Overview:
Commercial Unit:
The ground-floor retail premises are currently occupied by a long-standing commercial tenant, generating a stable income of ÂŁ620 per month (ÂŁ7,440 per annum). The unit benefits from high visibility and strong footfall, making it an attractive prospect for continued commercial use.
Residential Flat:
Above the retail space lies a well-proportioned one-bedroom apartment, currently let at ÂŁ720 per month (ÂŁ8,640 per annum). The flat offers a comfortable living space throughout with a longstanding tenant.
Additional Freehold Asset:
The property also includes the freehold of the adjoining commercial unit, which provides an additional income stream of ÂŁ200 per annum through ground rent.
Investment Highlights:
Total Current Income: ÂŁ16,080 per annum (with scope to increase)
Attractive Coastal Location with High Footfall
Mixed-Use Freehold Comprising Retail and Residential Units
Rental Upside and Long-Term Capital Growth Potential
Moments from the Beach and Town Centre Amenities
This is a compelling investment opportunity for those seeking a fully let freehold property with multiple income streams and long-term potential in a sought-after seaside location.
Location
Located 8 miles to the south of Chichester, Selsey whilst now a Town due to its increasing size, is still very much a traditional Seaside Village offering a combination of Sea and Countryside. The main High Street offers a variety of excellent Shops, Pubs and Restaurants as well as a shingled Beach with views out into the Channel. Selsey offers beautiful Walks, a coastal Cycle Path, a wetland Wildlife Area in Medmerry, whilst also having the natural attractions of Bracklesham Bay, the Witterings Beach, Pagham Nature Reserve and Chichester Harbour right on the doorstep. In addition, there is also local Schools, Holiday Resorts, Golf Courses, and a fantastic Bus Service running every 15 minutes to and from the Cathedral City of Chichester.
Commercial Unit
Rental Unit 14' 2" x 11' 2" (4.33m x 3.41m)
Workshop 14' 4" x 13' 10" (4.37m x 4.22m)
Storage 9' 7" x 5' 9" (2.93m x 1.75m)
Bathroom
First Floor Flat
Lounge 15' 1" x 11' 0" (4.61m x 3.36m)
Kitchen 7' 8" x 6' 4" (2.33m x 1.94m)
Bedroom 15' 2" x 12' 8" (4.63m x 3.85m)
Bathroom