Skip to content

Montague Street, Worthing, West Sussex, BN11

£2,500,000

£121.09 per sq ft

Business rates & charges may apply

Vanderwald Estates Ltd, Edgware
SIZE AVAILABLE

20,645 sq ft

1,918 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Key features

  • Large glass frontage
  • Premium location
  • Rear access for loading

Description

We are pleased to bring to market this excellent commercial investment unit in Worthing. The unit is on the ground floor of a prominent building, situated in the heart of a pedestrian promenade. It is a large unit totalling 20,645 sq ft, with full glass frontage of approximately 70 ft. The unit has access from both Montague Street and Chandos Road. The property occupies a prime position on Montague Street, in the centre of the Worthing retail area, benefiting from strong pedestrian and vehicle traffic.

The shop is let to Poundland on a 10-year FR&I lease until July 22, 2028. The lease is within the L&T act. The rent is £250,000 +vat p.a.

Key Features:
* Prime location
* Tenure - New 999 year lease
* Current rental income of £250,000 p.a.
* GIA of around 20,645 sq ft
* Price: £2,500,000 ex-vat
* Vat is applicable to this property, but it is expected to be able to be treated as a TOGC

Location:
Worthing is a seaside town on the south coast of England. It is in the borough of West Sussex and lies at the foot of the South Downs. It offers the advantages of coastal living with good connections to the conveniences of Brighton and London. It's many shops and restaurants make it attractive to both locals and visitors.

The shop itself is on Montague Street, in a central location, just 120m from the beach, and 300m from Worthing Pier.

Occupiers close by include Sports Direct, New Look, Clarks and a range of local, national and independent retailers and pubs.

Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.

Brochures

Montague Street, Worthing, West Sussex, BN11

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worthing Station0.6 miles
  • West Worthing Station1.0 miles
  • East Worthing Station1.1 miles

About Vanderwald Estates Ltd, Edgware

Edgware

Welcome to Vanderwald Estates, your trusted partner in property investments.

At Vanderwald, we understand that investing in real estate is a significant decision, one that requires expertise, precision, and a deep understanding of the market. With years of experience and a proven track record, we are your dedicated Investment Estate Agents, committed to helping you achieve your financial goals through strategic real estate investments.

Our network of property professionals, as well as buyers and sellers in the property investment market, allow us to bring you lucrative opportunities tailored to your specific investment objectives. Whether you’re a seasoned investor looking to expand your portfolio or a newcomer seeking guidance on your first investment, we’re here to provide personalized solutions that maximize your returns.

Each asset that we bring to market is analysed internally to ensure that we are bringing a solid investment to the table. This sets us apart from other agencies who simply act as middlemen.

If you are looking to divest of a property, speak to us as well to see how we can work on your behalf to help you achieve your goals.

Explore our website to to see how we can assist you, either as a buyer or a seller.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference WorthingPoundland. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Vanderwald Estates Ltd, Edgware. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.