Mixed use investment property for sale in Worthing

This property is marketed by:
Bonsors

An attractive mid terrace property arranged over ground, first and second floors with ancillary outside yard area to the rear of the ground floor shop which benefits from vehicular access. The residential accommodation is fully self contained and comprises two 1 bedroom flats.

Key Features

• Worthing is an attractive costal town and the largest in West Sussex.
• Whole building let to Mutual Services (Portsmouth) Limited, who form part of The Southern Co-operative.
• Lease expiring 24th December 2026.
• Potential to re-gear lease on ground floor commercial and sell off or let the residential upper parts.
• Passing rent of £31,000 per annum exclusive.
• Offers invited in excess of £370,000. A purchase at this level shows a net initial yield of 8.06%, after normal purchaser's costs.

LOCATION

Worthing is the largest town in West Sussex with a population over 105,000. It is 55 miles south of London, 12 miles west of Brighton and 18 miles East of Chichester. Goring Road is approximately 1.5 miles East of Worthing Town Centre, it serves as a bustling local High Street offering a mix of independent retailers and well-known national multiples. West Worthing railway station approximately 1 mile to the North, providing regular services along the South Coast and to London. Additionally, the A259 offers direct access to Brighton and Chichester.