Guide price
£300,000
(£92.31/sq. ft)
Retail premises for sale207 & 207A Tarring Road, Worthing, West Sussex BN11
3,250 sq. ft
EPC Rating: C
Just added
Freehold
About this property
Situated on Busy Thoroughfare & Popular Location of Tarring Road in Worthing, West Sussex
Fully Let Mixed Use Property Producing Current Income of £24,300 Per Annum
Net Initial Yield Of 7.85%
Potential to Increase Rents
Asset Management Potential
Viewing Highly Recommended
An opportunity to acquire a mid-terrace, income producing, commercial and residential investment situated along the popular Tarring Road.
The property comprises of a ground floor retail premises which has been let to an established barber's salon with a self contained residential flat above which has been sold off on a long leasehold basis. At the rear of 207 Tarring Road is a single storey development known as Gardiner Place. Comprising two self contained flats, one of which has been sold on a long lease with a peppercorn ground rent attributed and the other a modern two- bedroom flat let out on an AST.
207 Tarring Road is a small ground floor lock up class E premises comprising of an open plan retail area to front with small kitchen and WC located to the rear. The property benefits from laminate flooring, ample electrical points, LED spot lighting, electric heating and 20ft single glazed window frontage.
1 Gardiner Place, accessed at the rear of the property via UPVC door. The property comprises of a well presented two bedroom, ground floor flat with spacious lounge and kitchen, two double bedrooms and family bathroom. The flat is presented in superb internal condition having been refurbished within the last 5 years and benefits from laminate flooring throughout, spot lighting, double glazing and gas central heating.
The property comprises of a ground floor retail premises which has been let to an established barber's salon with a self contained residential flat above which has been sold off on a long leasehold basis. At the rear of 207 Tarring Road is a single storey development known as Gardiner Place. Comprising two self contained flats, one of which has been sold on a long lease with a peppercorn ground rent attributed and the other a modern two- bedroom flat let out on an AST.
207 Tarring Road is a small ground floor lock up class E premises comprising of an open plan retail area to front with small kitchen and WC located to the rear. The property benefits from laminate flooring, ample electrical points, LED spot lighting, electric heating and 20ft single glazed window frontage.
1 Gardiner Place, accessed at the rear of the property via UPVC door. The property comprises of a well presented two bedroom, ground floor flat with spacious lounge and kitchen, two double bedrooms and family bathroom. The flat is presented in superb internal condition having been refurbished within the last 5 years and benefits from laminate flooring throughout, spot lighting, double glazing and gas central heating.
Mortgage calculator
Monthly repayment
£1,500 per month
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