Offers over
£500,000
(£217.39/sq. ft)
Retail premises for sale28-32 High Street, Worthing, West Sussex BN11
2,300 sq. ft
EPC Rating: E
About this property
Situated in Heart of Worthing Town Centre
Nearby Occupiers Include Waitrose, Lidl, Dulux Decorator Centre, HSBC & B&M Bargains
Superb Asset Management Opportunity
Potential To Produce £42,350 Per Annum
Long Term Tenants - Historically Low Void Periods
Potential For Break Up Opportunity (if required) To Suit sipp & sass Pensions
Viewing Highly Recommended
Situated on High Street close to all amenities is this three storey building of traditional brick construction under a slate tile roof. Comprising of two ground floor retail premises with two self contained maisonette flats (one of which has been sold off on a long leasehold basis) above.
28 High Street provides a deceptive Class E premises which for many years has traded as a restaurant (a variety of different national cuisines) and benefits from laminate flooring, air conditioning (not tested), ample electrical sockets, cat 3 lighting and burglar alarm (not tested). The property also has superb 12ft window frontage. At the rear of the restaurant is a small kitchen with access to a customer/staff WC. The property further benefits by having exclusive access to a walled enclosed courtyard.
32 High Street is a versatile and substantial Class E premises which for many years has traded in the haor and beauty sector. Accessed via ground floor pedestrian door (which also has shutter protection) the premises benefits from laminate flooring, spotlighting, ample electrical sockets and with superb 18ft glazed window frontage. To the front of the premises is a small waiting area leading on to an open plan salon area with private treatment room, kitchen and WC located at the rear.
Flat One, 30 High Street is accessed via ground floor entrance with stairs leading to a well presented two bedroom maisonette flat. The property has recently been redecorated and carpeted and is ready for immediate occupation. The first floor provides kitchen, bathroom and superb large lounge with further stairs leading to two good sized double bedrooms at second floor level.
This is seen as a superb asset management opportunity with potential for rental growth at both ground floor properties.
Flat One, 30 High Street is ready for either owner occupation or alternatively could be let out as an investment with relative ease providing excellent regular income.
The building could be broken up with the possibility of three separate sales in the future if required.
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£2,501 per month
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