58-59 New Broadway, Worthing, West Sussex, BN11 4HS
£242.25 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
516 sq ft
48 sq m
- SECTOR
High street retail property for sale
Key features
- Incoming Producing
- Flat is Sold off on a Long Lease
- Situated on a Busy Thoroughfare
- Close to West Worthing Train Station
Description
The property is located along Tarring Road which offers a variety of shops. Worthing town centre with its comprehensive shopping amenities, restaurants, pubs, cinemas, theatres and leisure facility's is approximately 1 mile away. The nearest main line station is West Worthing which is approximately 0.3 miles away and bus services run nearby.
Description
Situated on popular New Broadway shopping parade in West Worthing, this two storey building is made up of a first floor flat, which is sold off, but benefits from annual ground rent. The ground floor premises is currently let to an established business and producing a rental income of £8000 per annum, exclusive. In our opinion, we believe the rent could be increased to circa. £10,000 per annum, exclusive.
AGENTS DISCLAIMER N.B. Under the Estate Agents Act 1979, we advise that the vendor is a director of Jacobs Steel and Company Limited.
Price
Offers are invited in the region of £125,000 for the freehold interest.
Tenure Comments
Freehold investment.
Rent
The overall income for the property is £8,000 per annum, exclusive.
EPC
The property has an EPC rating of C - 74.
VAT
We are informed that VAT is not applicable on the terms quoted.
Use
We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents,
Jacobs Steel.
Brochures
58-59 New Broadway, Worthing, West Sussex, BN11 4HS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- West Worthing Station0.2 miles
- Worthing Station0.5 miles
- Durrington-on-Sea Station1.0 miles
About Jacobs Steel, Jacobs Steel Commercial, Worthing
12 Chapel Road, Worthing, BN11 1BJ
Notes
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