Retail premises for sale in Montague Street, Worthing BN11
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
The property is situated in a prominent position on the corner of Montague Street & West Building commercial parade comprising multiple shop occupiers, together with offices. It is located close to Worthing Town centre, the seafront is also within reasonable access.
Worthing is the largest town in West Sussex, located on the coast between Brighton and Chichester.
Description
An opportunity to purchase a good freehold investment with the benefit of being fully tenanted. The shop comprises of retail space with a separate kitchen, WC and first floor storage. 2 bed maisonette with access from West Buildings.
Price
Asking price of £320,000.
Tenure
Freehold subject to the below tenancies.
Shop - 137 Montague Street, let on an effective full repairing and insuring lease for a term of 10 years from Oct 2023, with a break clause and rent review at the 5th year at a rent of £12,000 per annum.
Flat 137a Montague Street - let on an AST at a rent of £750 pcm.
Legal Fees
Each side are responsible for their own legal costs
EPC rating
Shop: C
Flat: D
Copies of the EPC's and Recommendation Reports are available upon request.
Accomodation
Shop
Ground Floor
Net Internal Area Approx: 420 sq ft
Kitchen Area
W.C
First floor Storage/office Approx: 125 sq ft
Maisonette
Entrance Hall
1st floor - Lounge
Stairs leading to:
Kitchen
2 Bedrooms
Bathroom
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Spratt and Son, BN11 on +44 1903 906549 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Spratt and Son, and do not constitute property particulars. Please contact Spratt and Son for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.