Property description
PROPERTY Located in the heart of the historic market town of Arundel is this highly desirable investment opportunity. This beautifully maintained building occupies a prime end of terrace position in Tarrant Street. Divided into both commercial and residential, all of which is occupied, with a combined rental income of £23,400 per annum.
Grays occupy the ground floor unit, a company specialising in ladies shoes and handbags. The current lease runs until 31st of January 2018.
The first and second floor two bedroom apartment is tenanted to May 2017 with the occupants keen to extend that period further.
LOCATION The cathedral town of Arundel with its impressive Norman castle sits on the boundary of the South Downs National Park. Consistently considered as one of the finest towns in the country and made famous internationally for its antique dealerships. Once a thriving fishing town the public houses and fisherman\‘s cottages have made way for traditional tearooms, boutiques and an eclectic mix of independent restaurants. Now well known for its numerous festivals throughout the year including the Art trail, Food Festival and Arundel by Candlelight. There is a wide choice of sporting and recreational activities in the surrounding area including horse racing at both Goodwood and Fontwell park; Car Racing at Goodwood Motor Circuit famously hosting it\‘s annual Festival of Speed and Revival meetings; polo at Cowdray park; glorious beaches at the Witterings; dinghy sailing from numerous clubs along the coast with substantial harbours and marinas at Chichester and Littlehampton for mooring larger yachts; numerous golf courses; walking and riding in the rich surrounding countryside.