19 Rowlands Road, Worthing, West Sussex, BN11 3JJ

Location

Ideally situated in Worthing town centre in busy Rowlands Road with its comprehensive shopping amenities, restaurants, pubs, cinemas, theatres and leisure facilities. The nearest station is Worthing which is approximately 0.8 miles away with bus services running regularly nearby and ample street parking available.

Description

This exceptional mid-terraced property offers a unique opportunity to acquire a well-maintained, mixed-use building comprising a fully let ground-floor commercial premises and a fully let House in Multiple Occupation (HMO) across four upper floors. The property is generating an attractive rental income of £63,060 per annum, with the commercial unit producing £9,000 annually and the HMO generating £54,060.

The ground floor premises is primarily open plan with internal stairs leading to a basement (18'00"x11'02' Height 5'08") providing ample storage. To the rear is a kitchenette and WC and further benefits include rear access, gas central heating, pendant lighting, electrical points and 13ft window frontage.

The HMO is accessed via a communal entrance and spans 3 storeys above the commercial space, consisting of 6 well-proportioned bedrooms, each with a living/bedroom area and its own private bathroom.

The ground floor offers a shared utility room housing washer dryers and separate boiler room. The first floor offers a spacious communal kitchen/diner equipped with integrated appliances, ideal for shared living. Externally, the property benefits from a communal courtyard garden with bike storage and rear access.

The property is fully let and income producing and has been renovated to a high standard throughout. Further benefits include automatic lighting, sash windows, gas central heating and intercom system.

Price

Offers are invited in the region of £800,000 for the freehold interest.

Tenure Comments

Freehold investment

Rent

The HMO is currently let and producing £54,060 per annum.
The shop is let and producing a rent of £9,000 per annum, exclusive.


EPC

The shop has an EPC rating of C - 51.
The HMO has an EPC rating of C - 78.

VAT

We are informed that VAT is applicable on the terms quoted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents,
Jacobs Steel.