Detached Office Building Investment For Sale in Worthing, West Sussex

This property is marketed by:
Bonsors / SHW

Investment, Development - Residential, Land For Sale

Marlin House, 16-22 Grafton Road, Worthing, West Sussex, BN11 1QP

Marlin House Investment Property Overview 

• Visit our data room for viewing procedures for the 26th March, 8th and 17th April.
• Worthing is the largest town in West Sussex and expanding further with new residential developments
• Worthing Council investing in town centre street scene and public realm
• Freehold detached 4 storey office extending to 10,887 sq ft
• Generating £145,000 per annum on a new 10 year lease from June 2026
• Tenant has been in occupation for over 20 years and has further committed with a reversionary lease from 2026 to 2036
• Historically the building has been let on a single FRI lease, there is flexibility in layout to let on a floor by floor basis
• Tenant has undertaken refurbishment demonstrating commitment to the building
• Potential for residential conversion, vertical extension and ground floor residential infill

Description

The Property comprises a detached 4-storey purpose-built concrete framed office building arranged over ground, first, second and third floors. There is a private car park for approximately 24 cars. The property has rectangular open plan floor plates benefitting from suspended ceilings with LED lighting. The office is serviced by an automatic passenger lift providing access to all floors. There is air cooling to the property.

Marlin House, Worthing Location Details

Worthing is the largest town in West Sussex with a population of approximately 111,300 (2021 census) and is a centre for leisure, tourism and business. Brighton is situated approximately 11 miles to the east and Chichester 21 miles to the West. Strategic business occupiers include HM Revenue and Customs, Southern Water, GSK, Rayner Lenses, and Equiniti. Marlin house is situated within Worthing Town Centre being immediately to the north of Montague Street, the prime shopping location. Occupiers include M&S, Boots, Superdrug, H&M and many other national and local brands. Worthing is a vibrant and popular centre for office occupiers. Good quality, well-presented offices are experiencing good occupational demand, with higher-quality and well-located offices remaining attractive.