12 Montague Street

Worthing, West Sussex, BN11 3HA

PRIME RETAIL FREEHOLD FOR SALE
WITH PLANNING CONSENT FOR A 2-BED
MAISONETTE ON 1ST & 2ND FLOORS

Status

For Sale

Location

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.

Description

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. 

Accommodation

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.

Tenure

The property is available by way of a sale of the freehold interest with the benefit of vacant possession.

Planning

Full details can be viewed via Worthing Borough Council - application number AWDM/0882/18.

VAT

VAT is not applicable on the terms quoted.

Description

Legal Costs

Each party to be responsible for their own legal fees.

Price

Offers in excess of £425,000 for the freehold interest.

Business Rates

£10,200 per annum (based on rateable value of £21,250). We advise that you contact the Local Rating Authority for confirmation of the actual amount payable.

Energy Performance Rating

This property has been graded as 81 (D)

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