£500,000
(£473.93/sq. ft)
Retail premises for sale2 Gratwicke Road, Worthing, West Sussex BN11
1,055 sq. ft
About this property
Central Location
Income Producing
100% Rate Relief (sts)
Busy Thoroughfare
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 £500,000 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.
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 £500,000 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.
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