Worthing, West Sussex, BN11 3HA
For Sale / To Let
The popular coastal town of Worthing is an affluent and thriving regional retail centre and situated between Brighton and Chichester, with Gatwick situated approximately 35 miles North. The property benefits from good road communications such with the A27 located immediately north and serving the South Coast and the A24 North/South Trunk Road. In addition Worthing is also served by a rail network providing services to London Victoria with a journey time of approximately 1hr 20mins.
The property is positioned adjacent to Vodafone on the Eastern end of Montague Street, Worthing’s main thoroughfare and considered to be a principal retailing pitch, with other nearby occupiers including H Samuel, Timpson, Nationwide Building Society, Waterstones, Carphone Warehouse, Topshop and WH Smith.
The property comprises a three-storey traditional terraced building.
Retail accommodation is available at ground floor and planning permission has been granted to convert the first and second floors into a self-contained 2-bedroom maisonette, which will be accessed via a new entrance at street level.
The premises comprise the following approximate floor areas:
|Existing ground floor retail area (NIA)||41.47 sq m||(446 sq ft)|
|Proposed ground floor retail area *||34.47 sq m||(371 sq ft)|
|First and second floor 2 bed maisonette (GIA)||49.46 sq m||(532 sq ft)|
*Post revised shop front works to create a new self-contained access to the upper floors.
The property is available by way of a sale of the freehold interest with the benefit of vacant possession. Alternatively our client may consider a letting. Further details upon application.
Full details can be viewed via Worthing Borough Council - application number AWDM/0882/18.
VAT is not applicable on the terms quoted.
Each party to be responsible for their own legal fees.
Offers in the region of £350,000 for the freehold interest.
Rent on application
Rateable value of £21,250. Parties may be eligible for Retail Relief offering a 1/3rd discount on the rates payable sum, after other eligible reliefs have been applied, applicable until April 2021. Please contact the Local Billing Authority for confirmation of the amount payable.
This property has been graded as 81 (D)