Offers over
£560,000
(£97.15/sq. ft)
Leisure/hospitality for saleWorthing BN11
5,764 sq. ft
About this property
Total income of £59,000 per annum
Potential for vertical extension and intensification of use
Larger letting (76% of rents reserved) runs to 2037 without breaks
This substantial property comprises a number of interconnected buildings currently arranged as a licensed leisure and party establishment with wine bar and external upper floor west facing terrace and ground floor front external patio space.
46-56 Portland Road currently trades as The Libertine Social, public house arranged with main bar / dining areas to the ground floor with external seating, a further bar and events spaces at the first floor with an external terrace, with ancillary storage at the second floor.
1 Shelley Road is a self-contained two storey commercial building which is occupied at ground floor as a bakery with the first floor in use as offices.
Worthing is the largest town in West Sussex with a population of approximately 111,300 (2021 census) being a centre for leisure, tourism and business.
Brighton is situated approximately 11 miles to the east and Chichester 21 miles to the West.
Worthing is experiencing a number of recent residential developments in already delivered and including Bayside apartments and the former Debenhams, with further schemes planned bringing new residents to the town centre for example to Montague Centre, Union Place and Teville Gate.
The property is situated within the heart of Worthing town centre on the corner of the pedestrianised Portland Road and Shelley Road, immediately to the north of Montague Street, the prime retail thoroughfare in the town.
Occupiers in close proximity include Efes Turkish Restaurant, Cucinetta, Ayo supermarket, Marks & Spencer, Boots, Superdrug, H & M.
Investment highlights
• Worthing is the largest town in West Sussex an affluent centre for tourism, leisure and business
• Substantial and prominent town centre corner location
• A freehold mixed-use investment with residential development potential
• Total accommodation extending 5,764 sq ft
• Larger letting (76% of rents reserved) runs to 2037 without breaks
• Potential for vertical extension and intensification of use
• Generating total income of £59,000 per annum
46-56 Portland Road currently trades as The Libertine Social, public house arranged with main bar / dining areas to the ground floor with external seating, a further bar and events spaces at the first floor with an external terrace, with ancillary storage at the second floor.
1 Shelley Road is a self-contained two storey commercial building which is occupied at ground floor as a bakery with the first floor in use as offices.
Worthing is the largest town in West Sussex with a population of approximately 111,300 (2021 census) being a centre for leisure, tourism and business.
Brighton is situated approximately 11 miles to the east and Chichester 21 miles to the West.
Worthing is experiencing a number of recent residential developments in already delivered and including Bayside apartments and the former Debenhams, with further schemes planned bringing new residents to the town centre for example to Montague Centre, Union Place and Teville Gate.
The property is situated within the heart of Worthing town centre on the corner of the pedestrianised Portland Road and Shelley Road, immediately to the north of Montague Street, the prime retail thoroughfare in the town.
Occupiers in close proximity include Efes Turkish Restaurant, Cucinetta, Ayo supermarket, Marks & Spencer, Boots, Superdrug, H & M.
Investment highlights
• Worthing is the largest town in West Sussex an affluent centre for tourism, leisure and business
• Substantial and prominent town centre corner location
• A freehold mixed-use investment with residential development potential
• Total accommodation extending 5,764 sq ft
• Larger letting (76% of rents reserved) runs to 2037 without breaks
• Potential for vertical extension and intensification of use
• Generating total income of £59,000 per annum
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Monthly repayment
£2,801 per month
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