Montague Street, Worthing BN11

An opportunity to acquire a retail unit in Worthing Town Centre.  Prominent position with high footfall on pedestrianised high street in Worthing Town Centre.  Ground Floor retail unit measuring 20,645 sq ft with upper parts sold off on long leases.  Let to the undoubted covenant of TJX UK Ltd (t/a TK Maxx) on a new 15 year FRI lease from August 2026 at a passing rent of £275,000 pa.  TJX UK Ltd has 429 stores in the UK and its most recent accounts show a net profit of £201m. Credit Safe score of a 100A (very low risk).  The store is currently in fit-out with occupation due in November 2026.  Upward only rent reviews at Years 5 and 10 subject to a maximum increase of 15% of the previous rent.  Tenant only break in Year 10.  Freehold.  The property is elected for VAT although it is envisaged the sale will be treated as a TOGC.  EPC – B(46).