332 Goring Road, Goring-by-sea, Worthing
Business rates & charges may apply
- SIZE
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- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed-Use Investment
- Ground Floor Retail Unit with Residential Upper Parts
- Ground Floor Retail Let to a Pub on New 10 Year Lease
- Annual RPI-Linked Rent Reviews
- Upper Parts Let on an AST
- High Footfall Pitch in Affluent Town
- Investment Let at £40,000 p.a. (12.31% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with residential upper parts, the property is fully let and producing a total aggregate income of £40,000 per annum.
The ground floor is let to a pub on a new 10 year lease at £28,000 per annum. The lease includes annual RPI linked rent reviews.
The upper parts are let to a private individual on an Assured Shorthold Tenancy (AST) expiring 01.09.2025 and paying £12,000 per annum (£1,000 pcm).
The property occupies a prominent corner pitch with a frontage to Goring Road, an arterial route and the principal local retail amenity for the surrounding residential area. Nearby retailers include Hays Travel, Dominos and KFC.
Brochures
332 Goring Road, Goring-by-sea, Worthing
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Durrington-on-Sea Station0.6 miles
- Goring-by-Sea Station0.6 miles
- West Worthing Station1.3 miles
Notes
Disclaimer - Property reference 90062D3E-ED50-40FB-93EF-BE1F44812EAB. 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 Savills, Savills Auctions- Commercial. 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.
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