2 bedroom mixed use property for sale
85 Chapel Road, Worthing, BN11 1HU
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- SIZE
Ask agent
Description
*Guide Price £275,000
Freehold Mixed Investment - Ground Floor Commercial Unit & 2 x 1 Bedroom Flats - Producing £24,792 PA
Description
Freehold mid terrace property in Chapel Road, Worthing. This three storey building comprises a ground floor commercial unit with rear yard, currently trading as a caf, and two self contained one bedroom flats arranged over the first and second floors.
Situation
The building forms part of a terrace on the west side of Chapel Road, close to the junction of Teville Road. The property is surrounded by a number of independent operators and is within close proximity of Worthing seafront and mainline station which provides direct links to London Victoria.
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY
Tenure - Freehold
Tenancy
First Floor Flat -Let on an Assured Shorthold Agreement for 6 months, from the 7th May 2024 at a rent of £825 pcm. The tenant is holding over.
Second Floor Flat -Let on an Assured Shorthold Agreement for 6 months, from the 8th July 2022 at a rent of £700 pcm. The tenant is holding over.
Commercial - Let on an Licence Agreement for 12 months from 13th September 2024 at a rent of approximately £541pcm. The tenant is holding over.
Please review the legal pack for further information.
Rateable Value - £4,650
Council Tax - First Floor & Second Floor Flat - A
EPC Rating - First Floor Flat & Second Floor Flat - C / Commercial - C
Accommodation
Accommodation
Commercial
Ground Floor Retail - 22.6 sq m.
Ground Floor Rear - 5.3 sq m.
W/C
Rear Yard
First Floor Flat - 38 sq m (taken from EPC). The Auctioneers have not been able to access or inspect the flat.
Second Floor Flat - Living Room / Kitchen - 3.4m max x 4.8m max.
Bedroom - 2.2m max x 3.2m max
Shower Room with W/C - 2.3m max x 0.6m max
Commercial - 27.9 sq m.
First Floor Flat - 38 sq m (taken from EPC).
Second Floor Flat 24.6sq m.
Total Floor Area - 90.5 sq m.
Brochures
Legal Documents85 Chapel Road, Worthing, BN11 1HU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worthing Station0.2 miles
- East Worthing Station0.8 miles
- West Worthing Station0.9 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
Disclaimer - Property reference 322837. 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 Austin Gray, Auction House Sussex. 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 Austin Gray, Auction House Sussex on 01273 109784.
*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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