Location
The property is situated in the popular residential area of Broadwater, approximately 1 mile north of Worthing town centre. Cecilian Court occupies a prominent position on Cecilian Avenue, with easy access to the A24, providing direct links to the A27 and surrounding towns including Brighton, Chichester and Horsham.
The immediate area comprises a mix of residential properties together with a variety of local amenities, including convenience stores, cafés and professional services. Broadwater's busy shopping parade is within walking distance, while Worthing town centre offers an extensive range of retail, leisure and transport facilities.
The property also benefits from excellent public transport links, with regular bus services nearby and Worthing railway station approximately 1 mile away, providing direct services to London Victoria, Brighton and Portsmouth.
Description
An excellent opportunity to acquire a freehold mixed-use investment situated in a well-established commercial location on the outskirts of Worthing town centre, offering both an immediate rental income and exciting future development potential (subject to the necessary consents).
The property comprises a self-contained ground floor office extending to approximately 542 sq ft (50.3 sq m). The accommodation is arranged around a central hallway and provides three well-proportioned office suites, a fitted kitchen and WC facilities, making it suitable for a variety of commercial occupiers. The current layout also lends itself to a range of alternative configurations, subject to any necessary consents.
The commercial premises are currently let, generating a rental income of £8,000 per annum, providing a return from completion.
In addition to the existing income, the freehold includes a generous parcel of land together with two garages, presenting excellent redevelopment potential. There is considered to be scope for the conversion of the existing office accommodation to residential use, as well as the redevelopment of the garages and surrounding land, subject to obtaining the necessary planning consents. The first floor flat is excluded from the sale and will be retained by the current owner on a long lease.
Externally, the property benefits from parking for up to six vehicles.
Price
Offers are invited in the region of £215,00 for the freehold interest.
Tenure Comments
Freehold for sale, to include land and adjacent garages.
Rent
The current rent for the ground floor is £8,000 per annum, exclusive.
EPC
The property has an EPC rating of D - 86.
VAT
We are informed that VAT is not applicable on the terms quoted.
Use
The premises are understood to benefit from Use Class E. However, interested parties are advised to satisfy themselves with the Planning Department regarding the suitability of their intended use.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents,
Jacobs Steel.
