46-56 Portland Road & 1 Shelley Road, Worthing, West Sussex, BN11 1QN

Offer in excess of

£560,000

Under offer

Size

5,764

Tenure

Freehold

EPC

Parking

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Primary use
Residential development
Other use(s)
High street retail, Other

No floor / site plan

Key features

  • Visit our data room for viewing and best bids procedures.
  • Worthing is the largest town in West Sussex an affluent centre for tourism, leisure and business
  • Substantial, and prominent town centre corner location
  • A freehold mixed-use investment with residential development potential
  • Total accommodation extending to 5,764 sq ft
  • Larger letting (76% or rents reserved) runs to 2037 without breaks
  • Potential for vertical extension and intensification of use
  • Generating total income of £59,000 per annum

Description

This substantial property comprises a number of interconnected buildings currently arranged as a licensed leisure and party establishment with wine bar and external upper floor west facing terrace and ground floor front external patio space.

46-56 Portland Road currently trades as The Libertine Social, public house arranged with main bar / dining areas to the ground floor with external seating, a further bar and events spaces at the first floor with an external terrace, with ancillary storage
at the second floor.

1 Shelley Road is a self-contained two storey commercial building which is occupied at ground floor as a bakery with the first floor in use as offices.

Worthing is the largest town in West Sussex with a population of approximately 111,300 (2021 census) being a centre for leisure, tourism and business. Brighton is situated approximately 11 miles to the east and Chichester 21 miles to the West. Worthing is experiencing a number of recent residential developments in already delivered and including Bayside apartments and the former Debenhams, with further schemes planned bringing new residents to the town centre for example to Montague Centre,
Union Place and Teville Gate.

The property is situated within the heart of Worthing town centre on the corner of the pedestrianised Portland Road and Shelley Road, immediately to the north of Montague Street, the prime retail thoroughfare in the town. Occupiers in close proximity include Efes Turkish Restaurant, Cucinetta, Ayo supermarket, Marks & Spencer, Boots, Superdrug, H & M.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements
Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

46-56 Portland Road & 1 Shelley Road, Worthing, West Sussex, BN11 1QN

NEAREST STATIONS

National Rail

Worthing Station

0.54 miles

National Rail

West Worthing Station

1.02 miles

National Rail

East Worthing Station

1.06 miles

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