79 Rowlands Road, Worthing, BN11 3JN
- SIZE AVAILABLE
1,333 sq ft
124 sq m
- SECTOR
Commercial development for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes, A4 Drinking Establishments, D1 Non-Residential Institutions and D2 Assembly and Leisure
A3, A4, D1, D2
Key features
- OFFERS INVITED IN EXCESS OF £200,000
- RENT DEPOSIT & PG
- CHARACTER BUILDING ON EDGE OF WORTHING TOWN CENTRE
- CORNER PREMISES
Description
Worthing is seaside town to the West of Brighton & The East of Chichester & South of Horsham on the Sussex Coast with an estimated population of approx. 110,000. The subject property is located on the corner of Rowlands Road & Milton Road to the west of Worthing Town Centre & to the North of the seafront with nearby occupiers including The COOP, Blend Coffee Shop, & The Academy by Richard John.
The ground floor is let to The Wishing Well ltd by way of an effective full repairing & insuring lease for a term of 10 years from 16-9-2022 at a rental of £16,500 per annum. There is a tenant only break on the 5th anniversary along with an upward only rent review. The lease is contracted outside of the landlord & tenant act. The landlord currently hold a rent deposit of £3750 & has a personal guarantee from Joel Penny. The flats on the upper floors have been sold off by way of long leases until 21 March 2175 & pay a peppercorn rental.
Following agreement of a purchase price a section 5 notice will be required to be served on the residential leaseholders.
Purchasers will be required to provide ID & Proof of address in normal manner
Energy Performance Certificates
EPCBrochures
79 Rowlands Road, Worthing, BN11 3JN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worthing Station0.7 miles
- West Worthing Station0.8 miles
- Durrington-on-Sea Station1.4 miles
Notes
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