2 Gratwicke Road, Worthing, West Sussex, BN11 4BH

Location

Ideally situated in Worthing town centre in Gratwicke Road and close to busy Rowlands Road with its comprehensive shopping amenities, restaurants, pubs. 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 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 upper floors. We have been informed the property is generating a rental income of £46,704 per annum, with the commercial unit producing £8,304 annually and the HMO generating £38,400.

Price

Offers are invited in the region of £450,000 for the freehold interest.

Tenure Comments

Freehold investment

EPC

The ground floor has an EPC rating of B - 44.
The flat has an EPC rating of C - 74.

VAT

We are informed that VAT is not applicable on the terms quoted.

Use

We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal Fees

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

Viewing

Strictly by appointment with Sole Agents,
Jacobs Steel.