Commercial property for sale
Liverpool Gardens Worthing, The Steyne Worthing, Bedford Row Worthing and London Road Bognor Regis.
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- For Sale By Auction on 30th April 2026
- Significant Property Portfolio
- Comprising of 5 Buildings and Car Park
- Passing Rent of £104,000 Per Annum Providing a 10 Percent Yield
- All Buildings Within Outstanding Locations
- Please Contact Auction For Further Information and Marketing Brochure
- Situated Within Prime Locations of Worthing and Bognor Regis Town Centres
- Possible Future Redevelopment Potential To Liverpool Gardens SPP
Description
Significant Freehold Commercial Property Portfolio Yielding 10%.
Auction Guide £1m+
Exceptional and extremely rare opportunity to purchase 5 buildings and a car park as one lot comprising as follows:
17 Liverpool Gardens Worthing: Let Until 30th March 2031 at a passing rent of £18,500 per annum to West Sussex & Surrey Credit Union Ltd.
19 Liverpool Gardens Worthing: Let until 2034 at a passing rent of £17,000 per annum to Educate U.
4/5 The Steyne Worthing: Let until 13th June 2029 at a passing rent of £40,000 per annum to Coole Bevis.
Car Park Bedford Row Worthing: Let until 13th June 2029 at a passing rent of £6,000 per annum to Coole Bevis Solicitors.
17 London Road Bognor Regis: Currently let and holding over on a 5 year lease that expired on 23rd June 2025 at a passing rent of £22,500 per annum to Holland & Barrett Retail Ltd.
There is a substantial sized car park immediately adjacent to 17 Liverpool Gardens for 8 cars, with 5 spaces attributed to 17 Liverpool Gardens and 3 spaces to 19 Liverpool Gardens. It is considered this car park lends itself to significant and meaningful future redevelopment subject to the usual consents.
All properties are let on commercial FRI leases at a collective passing rent of £104,000 per annum thereby providing a 10% yield as well as having meaningful break up discount included. Each building is located within a prime town centre location whilst in respect of Liverpool Gardens, it is considered future redevelopment might be a possibility subject to the usual consents.
Brochures
Liverpool Gardens Worthing, The Steyne Worthing, BLiverpool Gardens Worthing, The Steyne Worthing, Bedford Row Worthing and London Road Bognor Regis.
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worthing Station0.4 miles
- East Worthing Station0.9 miles
- West Worthing Station1.0 miles
Notes
Disclaimer - Property reference 34424568. 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 Parsons Son & Basley, Brighton. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Parsons Son & Basley, Brighton on 01273 109882.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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