**Sold by Auction for £282,500** Guide Price £250,000 - £275,000. A freehold mixed-use investment with planning consent for an additional 1 bedroom flat.

The property is currently arranged as a shop on the ground floor, with access and parking at the rear, and a 1 bedroom flat on the first floor. Planning permission has been granted under application number AWDM/1361/20 for a further 1 bedroom flat at the rear of the shop.

Aside from the approved planning, there is also a large loft space above the flat which could provide further accommodation, subject to consent, and an external storage space at the back of the building.

The shop is let at £12,000pa (plus VAT) and has a good frontage on to North Road, which is a busy shopping street at the heart of Lancing. Nationwide Building Society is next door with Truffles bakery opposite.

The flat, which is currently let at £680pcm (£8,160pa), occupies the entire first floor with a good sized living/dining room and a large bedroom.

We understand the purchase price is plus VAT and the seller is charging a 1% plus VAT buyers premium.