Retail premises for sale in Warwick Street, Worthing BN11

Location

The property is situated in the centre of Worthing in pedestrianised Warwick Street with the residential properties being accessed from Ann Street.

Nearby occupiers include Thieves Kitchen, Guild Care Charity Shop, Ask Italian & Toni & Guy.

Worthing is the largest town in West Sussex, located on the coast between Brighton and Chichester.

Description

An Excellent opportunity to purchase a good freehold investment with the benefit of being fully occupied. The property comprised of a Restaurant premises with 3 one
bedroom flats located on the upper floors with separate access.

Price

Asking price of £850,000.

Tenure

Freehold for sale subject to tenancies.

Retail premises

Let to Vudu on a lease term of 15 years expiring 30th September 2037 with rent reviews in October 2027 & October2032 at an annual rent of £35,000.
Ratable Value £29,500

Flat 1 - let on an AST agreement at a rent of £650.00 pcm.

Council tax band A

Flat 2 - let on an AST agreement at a rent of £715.00 pcm.

Council tax band A

Flat 3 - let on an AST agreement at a rent of £675.00 pcm.

Council Tax Band A

Legal fees

Each side are responsible for their own legal costs.

Accomodation

retail premises

Restaurant area: 928 sq ft
Kitchen Area: 335 sq ft
W.C
First Floor
Storage/office 281 sq ft
2 WC’s
Basement store 205 sq ft
Total 1,749 sq ft
all measurements are approximate on net internal basis.

Flat 1
Lounge/kitchen
Bedroom
Bathroom
flat 2
Lounge/Kitchen
Bedroom
Bathroom
flat 3
Lounge/Kitchen
Bedroom
Bathroom

EPC rating

Shop: C 67
Flat 1: D 57
Flat 2: D 67
Flat 3: D65
Copies of the EPC's and RecommendationReports are available upon request.