Guide price
£585,000
(£214.92/sq. ft)
Property for sale38-42 Portland Road, Worthing, West Sussex BN11
2,722 sq. ft
About this property
Superb Asset Management Opportunity in Heart of Worthing Town Centre
Nearby Occupiers Include Marks & Spencer, Boots, Superdrug, Saltrock, jd Sports & H&M
Net Initial Yield of 8%
Ground Floor Let to Supermarket on 15 Year Lease From November 2024. Superbly Fitted Out
Viewing Highly Recommended
The property which is well positioned in the centre of the town just off Montague Street comprises of a versatile Class E ground floor commercial premises with the first and second floors providing 8 self-contained residential flats which have been sold off on long leases.
The ground floor has recently been let to an international supermarket who have completely re-fitted the premises to include non-slip flooring, LED strip lighting, air conditioning (not tested), ample electrical points, CCTV (not tested) and superb triple fronted double glazed window frontage.
This is seen as an excellent asset management opportunity and viewing is therefore highly recommended.
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£2,926 per month
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