This property offers a unique investment opportunity in a prime coastal location. Recently built, it stands prominently at the corner of The Esplanade and features five floors of versatile space. The upper levels consist of five self-contained apartments that have been sold under long leases, providing consistent rental income.
The ground floor entrance leads to a restaurant area that benefits from accessibility features, including stairs and a lift connecting all floors. On the lower ground floor, you'll find approximately 30 dining covers along with a fully fitted kitchen equipped for electric cooking, preparation areas, storage, and essential customer and staff restrooms.
The upper restaurant level boasts expansive views of the seafront with seating for around 80 guests and an additional serving bar. This setup not only enhances the dining experience but also opens avenues for increased revenue with appropriate renovations or reconfigurations. Additional storage space and an office complement this area.
Externally, the property includes practical elements such as a bin store and a plant room accessible from Manor Place. There is also potential to enhance outdoor seating; while the current tenant opted not to renew their external seating license for 50 covers, discussions are ongoing with local authorities to introduce beach huts that could further expand seating options throughout the year.
Located in Bognor Regis, known for its appeal as a desirable seaside resort town in West Sussex, this property benefits from being close to key transport links like Bognor Regis Railway Station, offering direct services to London Victoria. Its position on the seafront situates it near the town’s main commercial district and directly overlooks leisure attractions such as The Esplanade and the pier.
Bognor Regis is recognized as a leading UK holiday destination along the southern coast, featuring significant attractions like Butlins Bognor Regis and developments such as the University of Chichester’s new facilities. Nearby renovations include a £17 million refurbishment of the local theatre and upcoming hotel projects that will likely draw more visitors to the area.
With existing planning consent for Class A3 uses transitioning under new regulations to Class E—covering various commercial activities—there's flexibility in how this space can be utilized moving forward. Investors should undertake their own inquiries regarding planning specifics to explore future possibilities fully.
Additionally, there is currently an active premises license governing alcohol sales. Completion details are available upon request. For prospective investors looking for both immediate returns through current leasing structures and long-term growth via redevelopment or renovation strategies, this property represents substantial potential within an evolving market landscape.
